Assessing the Influence of Property Tax Delinquency and Foreclosures on Residential Property Sales

2016 ◽  
Vol 53 (5) ◽  
pp. 898-923 ◽  
Author(s):  
Deborah A. Carroll ◽  
Christopher B. Goodman
Keyword(s):  
Central City ◽  
Property Tax ◽  
Negative Influence ◽  
Property Taxes ◽  
Residential Property ◽  
Negative Consequences ◽  
Sale Price ◽  
Home Sales ◽  
Property Sales ◽  
Property Tax Delinquency

We examine the influence of property tax delinquency on the sale price of nearby homes from 2002 to 2013 using more than 46,000 residential property sales in a representative midwestern central city—Milwaukee, Wisconsin. After controlling for a number of property and neighborhood characteristics including nearby foreclosures, we find property tax delinquency has a significant influence on nearby home sales. The relationship is negative; one additional tax delinquent property within 250 m of a home sale is associated with a discounted sale price of 0.79% or approximately $1,085 on average. In addition, the influence of tax delinquent properties on home sale prices diminishes with distance, suggesting blight is the source of the discount. Based on these findings, the negative influence of tax delinquency is likely to be exacerbated in central cities where housing density is greater and delinquency is higher and more persistent than the surrounding suburbs, which has the potential to lead to fiscal distress as property taxes are the primary revenue source for cities. As such, we suggest a two-tiered approach for cities to mitigate the negative consequences of tax delinquency: a combination of policies to eliminate delinquency and also to help homeowners become financially stable.

Environmental Characteristics of a Residential Property on its Market Value

2013 ◽  
Vol 368-370 ◽  
pp. 1946-1949
Author(s):  
Ni Sheng ◽  
U Wa Tang ◽  
Cheng Kun Liu ◽  
Hai Ling Liu ◽  
Chao Xu ◽  
...  
Keyword(s):  
Sewage Treatment ◽  
Property Values ◽  
Sewage Treatment Plant ◽  
Treatment Plant ◽  
Negative Influence ◽  
Residential Property ◽  
Compact City ◽  
Sale Price ◽  
Trunk Road ◽  
High Traffic Volume

This study examines the environmental effects on residential property values in an extremely compact city of Macao Peninsula. Results showed that people would be willing to pay more for apartment with sea view and proximity to public recreational park. The availability of sea view for an apartment would increase the sale price by approximately 20%. About 5% increase in price would be observed if the apartment was located within 200m to public recreational park. Proximity to sewage treatment plant had a negative influence on the apartment price. About 9% price drop would be observed if the apartment was within 200m to sewage treatment plant. In addition, the sale price of an apartment would increase by about 5% if it is close to a trunk road with high traffic volume, which implied that people living in an extremely compact city tended to sacrifice serenity for convenience.

scholarly journals Policy Forum: Implementing the Chippewas of Georgina Island First Nation Property Tax System—Opportunities, Challenges, and Lessons Learned

2021 ◽  
Vol 69 (3) ◽  
pp. 857-872
Author(s):  
Kate McCue ◽  
Bill McCue
Keyword(s):  
First Nations ◽  
Property Tax ◽  
Lessons Learned ◽  
First Nation ◽  
Property Taxes ◽  
Tax System ◽  
Fiscal Management ◽  
Local Services ◽  
Policy Forum ◽  
Do So

In 2018, the Chippewas of Georgina Island First Nation (GIFN) implemented a First Nation property tax system under the First Nations Fiscal Management Act (FMA)—one of the earliest First Nations in Ontario to do so. Implementation of a property tax system gave GIFN an opportunity to improve funding for and expand local services, and provide a more equitable sharing of local service costs between cottagers leasing First Nation land and the First Nation. Key challenges encountered when implementing the property tax system were building consensus around the need for a tax system, building an appropriate administrative infrastructure, carrying out property assessments, and professionals lacking knowledge of First Nation property tax. These challenges, however, presented opportunities to create a knowledge base around property taxation within GIFN, among cottage leaseholders, and in the wider community. Key lessons learned were (1) start as soon as possible; (2) First Nations Tax Commission support and standards are important; (3) staff training is important; (4) communicate early and often; (5) hold open houses; (6) local services are more than garbage collection; (7) property taxes do not harm lease rates or cottage sales; (8) educate lawyers, real estate agents, and other professionals; (9) startup costs were significant; (10) coordinate laws and standards with provincial variations; (11) modernize systems; and (12) utilize other parts of the FMA.

scholarly journals Obudowa górnicza jako odrębny od wyrobiska obiekt – konstrukcja oporowa, podlega opodatkowaniu podatkiem od nieruchomości. Glosa aprobująca do wyroku Naczelnego Sądu Administracyjnego z dnia 10 stycznia 2020 r. (II FSK 532/18, LEX nr 2777589)

2021 ◽  
Vol 30 (1) ◽  
pp. 429
Author(s):  
Marzena Świstak
Keyword(s):  
Property Tax ◽  
Negative Consequences ◽  
Crucial Importance ◽  
Retaining Structure ◽  
Judicial Decisions ◽  
Legal Situation ◽  
Constitutional Tribunal ◽  
The Subject ◽  
Administrative Courts

<p>The author agrees with the Supreme Administrative Court’s judgement that has been glossed. The mining support may be classified as a separate to post-mining pit retaining structure and is subjected to the property tax. In 2011, the Constitutional Tribunal issued an interpretative judgement which is of crucial importance for the practice of the taxation of post-mining pits. First and foremost, it resolved the fundamental dilemma concerning the post-mining pit, deciding that as such a post-mining pit does not constitute the subject of taxation. The situation is different in the case of infrastructure located in underground post-mining pits, e.g. mining support. The analysis of the most recent judicial decisions shows that the issue mentioned still provokes numerous difficulties. The gloss thoroughly analyses the latest judicial decisions of administrative courts through the prism of the negative consequences for the legal situation of taxpayers. Undoubtedly the necessity to carry out a proper amendment seems justified. Such an amendment would in a clear, unambiguous manner determine the legislator’s will in the area of the taxation of post-mining pits.</p>

Investors' Responses to Social Conflict between CSR and Corporate Tax Avoidance

2020 ◽  
Vol 19 (1) ◽  
pp. 57-72
Author(s):  
David J. Emerson ◽  
Ling Yang ◽  
Ruilian Xu
Keyword(s):  
Investment Decisions ◽  
Tax Avoidance ◽  
Negative Influence ◽  
Negative Consequences ◽  
Corporate Tax ◽  
Stakeholder Values ◽  
Area Of Interest ◽  
Joint Influence ◽  
Corporate Social ◽  
Investment Intentions

ABSTRACT There is often conflict between disclosures and actions in corporate operations. One area of interest relates to the joint influence of tax avoidance and Corporate Social Responsibility on economic outcomes. We evaluate investor perceptions when these corporate behaviors are in conflict, and our results indicate that tax avoidance negatively influences investment decisions. We find that although CSR in isolation has no direct effect, the negative influence of tax avoidance is tempered when it is present. We provide evidence that not only do a firm's policies related to CSR and tax avoidance result in diverse investment intentions, but also that it is the individual's unique beliefs on ethics and CSR that appear to be driving these differences. Our results suggest that espousing stakeholder values serves as a shield to protect the company from the negative consequences associated with tax avoidance, and that individual attitudes can shape perceptions relative to these behaviors.

scholarly journals The Incidence of Property Taxes on Agricultural Land

1975 ◽  
Vol 7 (1) ◽  
pp. 131-136
Author(s):  
H. Evan Drummond
Keyword(s):  
Agricultural Land ◽  
Property Tax ◽  
Rapid Change ◽  
The United States ◽  
Property Taxes ◽  
Land Market ◽  
The Past ◽  
Land Owners ◽  
Alternative Hypotheses ◽  
Distributional Impact

Property tax systems have undergone rapid change in almost every state during the past few years. Consequently, their distributional impact merits investigation. The incidence of the property tax is at the heart of the distributional question. It is generally felt that land owners bear the full burden of property taxes and that changes in it are capitalized into property values. Usually it is assumed that property taxes are not shifted forward to the consumer, but there has been little empirical verification of this notion. This paper will develop a simple model of the land market to test several alternative hypotheses concerning the incidence of property taxes on agricultural land in the United States.

Sign in / Sign up

Export Citation Format

Share Document