Housing Crisis and State and Local Government Tax Revenue PDF Download

Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Housing Crisis and State and Local Government Tax Revenue PDF full book. Access full book title Housing Crisis and State and Local Government Tax Revenue by Byron Lutz. Download full books in PDF and EPUB format.

Housing Crisis and State and Local Government Tax Revenue

Housing Crisis and State and Local Government Tax Revenue PDF Author: Byron Lutz
Publisher: DIANE Publishing
ISBN: 1437940021
Category : Business & Economics
Languages : en
Pages : 51

Get Book Here

Book Description
State and local government tax revenues dropped steeply following the most severe housing market contraction since the Great Depression. The authors identify five main channels through which the housing market affects state and local tax revenues: property tax revenues, transfer tax revenues, sales tax revenues, and personal income tax revenues. They find that property tax revenues do not tend to decrease following house price declines. The other four channels have had a relatively modest effect on state tax revenues. These channels jointly reduced tax revenues by $15 billion from 2005 to 2009, which is about 2% of total state own-source revenues in 2005. Charts and tables. This is a print on demand publication.