Taxes and the fundamental value of houses

Research output: Contribution to journalArticle

6 Citations (Scopus)

Abstract

This paper constructs a general equilibrium model of housing prices which can be used to analyze the effects of various taxes on house prices and housing stock. It is shown that taxes have effects on the housing market that are quite different from the effects generated from the conventional user-cost-based models. Empirical estimates for the US show that taxes are highly influential for house prices in the short run as well as in the long run.

Original languageEnglish
Pages (from-to)365-376
Number of pages12
JournalRegional Science and Urban Economics
Volume39
Issue number3
DOIs
Publication statusPublished - 1 May 2009
Externally publishedYes

Fingerprint Dive into the research topics of 'Taxes and the fundamental value of houses'. Together they form a unique fingerprint.

  • Cite this