Variations In Property Taxes And Investment In Owner Occupied Housing PDF Download
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Author | : Michael A. Stegman |
Publisher | : |
Total Pages | : 56 |
Release | : 1968 |
Genre | : Housing |
ISBN | : |
Download Variations in Property Taxes and Investment in Owner-occupied Housing Book in PDF, ePub and Kindle
Author | : Krister Andersson |
Publisher | : International Monetary Fund |
Total Pages | : 38 |
Release | : 1990-10-01 |
Genre | : Business & Economics |
ISBN | : 1451948808 |
Download Investment in Housing in the United States Book in PDF, ePub and Kindle
It is well known that the preferential tax treatment of housing induces an inefficient allocation of saving and investment. This paper analyzes, in a portfolio framework, how eliminating the deductibility of mortgage interest payments for federal income tax purposes might affect investment in housing. Expected rate of return and risk is estimated for three assets, bonds, housing, and stocks. The possibility that assets are imperfect substitutes is explicitly recognized in one section of the paper. The model suggests that the share of housing is likely to decrease by 4 to 9 percentage points if mortgage interest payments are not deductible. This may call for careful phasing of the change in policy.
Author | : James M. Poterba |
Publisher | : |
Total Pages | : 64 |
Release | : 2008 |
Genre | : Housing |
ISBN | : |
Download Income Tax Provisions Affecting Owner-occupied Housing Book in PDF, ePub and Kindle
The mortgage interest deduction, the property tax deduction, the unique treatment of capital gains on owner-occupied homes, and the absence of taxation on imputed rent from owner-occupied homes all influence the effective cost of housing services. They also affect federal income tax revenues and the distribution of income tax liabilities. We draw on household-level data from the 2004 Survey of Consumer Finances to analyze how several potential reforms would affect incentives for housing consumption as well as the distribution of income tax burdens. Our analysis recognizes that changing the mortgage interest deduction would induce changes in household financial behavior. We estimate that repealing the mortgage interest deduction in 2003 would have raised income tax revenues by $72.4 billion in the absence of any portfolio adjustments, but by only $61.9 billion if homeowners responded by drawing down a limited set of financial assets to partially replace their mortgage debt. The revenue effects of changing the property tax deduction similarly depend on how state and local governments alter their mix of revenue instruments in response to federal tax reform. Our results underscore the importance of recognizing behavioral responses when calculating the revenue costs of income tax provisions relating to owner-occupied housing.
Author | : Arthur D. Little, Inc |
Publisher | : |
Total Pages | : 352 |
Release | : 1973 |
Genre | : Housing |
ISBN | : |
Download A Study of Property Taxes and Urban Blight Book in PDF, ePub and Kindle
Author | : Joshua E. Greene |
Publisher | : |
Total Pages | : 100 |
Release | : 1981 |
Genre | : Home ownership |
ISBN | : |
Download The Tax Treatment of Homeownership Book in PDF, ePub and Kindle
Author | : Karl E. Case |
Publisher | : |
Total Pages | : 152 |
Release | : 1978 |
Genre | : Business & Economics |
ISBN | : |
Download Property Taxation Book in PDF, ePub and Kindle
Author | : James R. Follain |
Publisher | : University Press of America |
Total Pages | : 268 |
Release | : 1986 |
Genre | : Real estate investment |
ISBN | : |
Download Tax Reform and Real Estate Book in PDF, ePub and Kindle
Author | : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on the City |
Publisher | : |
Total Pages | : 308 |
Release | : 1977 |
Genre | : Cities and towns |
ISBN | : |
Download Federal Tax Policy and Urban Development Book in PDF, ePub and Kindle
Author | : Touche Ross & Co |
Publisher | : |
Total Pages | : 264 |
Release | : 1972 |
Genre | : Apartment houses |
ISBN | : |
Download Study on Tax Considerations in Multi-family Housing Investments Book in PDF, ePub and Kindle
Author | : Patric H. Hendershott |
Publisher | : |
Total Pages | : 48 |
Release | : 1992 |
Genre | : Real estate investment |
ISBN | : |
Download Changes in the Relative Incentives to Invest in Housing Book in PDF, ePub and Kindle