Working Paper Series
Yan Song and Yves Zenou
Property Tax and Urban Sprawl: Theory and Implications for U.S. Cities
Abstract: This article attempts a formal analysis of the connection
between property tax and urban sprawl in U.S. cities. We develop a
theoretical model that includes households (who are also landlords) and
land developers in a regional land market. We then test the model
empirically based on a national sample of urbanized areas. The results we
obtained from both theoretical and empirical analyses indicate that
increasing property tax rates reduces the size of urbanized areas.
Keywords: Urban Sprawl; Full Closed City; Urban Economics; Property Tax; Instrumental Variables; (follow links to similar papers)
JEL-Codes: H30; H71; R14; (follow links to similar papers)
30 pages, October 24, 2005
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