THE INCIDENCE OF THE PROPERTY TAX REVISITED

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Abstract
Recent literature has pointed out that an ideal uniform comprehensive property tax would fall on the owners of capital and thus be progressive in incidence and that even the jar from ideal property tax that actually exists is less regressive than the conventional wisdom maintains. It is argued here that theoretical analysis of the existing partial tax is so complex that there is no substitute for place-specific empirical work on property tax incidence. In most large metropolitan areas, the property tax on balance is probably not regressive, but its residential component probably is significantly regressive for purposes of current tax policy decision-making.

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