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The Impact of Property Reassessment on Tax Equity and Household Expectations

Yoon-Jung Choi, Yilin Hou, and John Yinger
This report, by Yoon-Jung Choi, examines assessment disparities across racial and income groups and documents the impact of reassessment on this disparities.
April 21, 2023

Taxing Homeowners Who Won't Borrow

Francis Wong
This report, by Francis Wong, is the first study to document the role of non-neoclassical savings behavior in determining homeowners' responses to property taxes.
April 7, 2023

Property Tax Sales, Private Capital, and Gentrification in the U.S.

Cameron LaPoint
This report, by Cameron LaPoint, constructs a new nationwide registry of local tax sales to examine how property tax delinquencies facilitate institutional real estate investment in major U.S. metro areas, and the effects of these acquisitions on neighborhood composition and housing disparities.
March 24, 2023

Shocking Wealth: The Long-Term Impact of Housing Wealth Taxation

Matthijs Korevaar and Peter Koudijs
This report, by Matthijs Korevaar, provides the first empirical estimates of the long-run effects of shocks to property taxation on lifetime wealth accumulation and investment. 
March 10, 2023

Attribute (Mis)Reporting and Appraisal Bias

Michael D. Eriksen, Chun Kuang, and Wenyu Zhu
This report, by Michael Eriksen, assembles a property-level panel of appraiser reported attributes associated with 4.6 million loan applications from 2013 to 2017 to test whether attributes were consistently reported.
February 24, 2023

A Bad Bunch: Asset Value Under-Reporting in the Mumbai Real Estate Market

Santosh Anagol, Vimal Balasubramaniam, Tarun Ramadorai, and Antoine Uettwiller
This report, by Santosh Anagol, discusses a new method to estimate under-reporting, and employs it on large and granular administrative data from the Mumbai real estate market. 
February 10, 2023

Do Appraiser and Borrower Race Affect Valuation?

Edward Coulson, Brent W. Ambrose, James N. Conklin, Moussa Diop, and Luis A. Lopez
This report, by Edward Coulson, examines the incidence of racial bias in property appraisals using a nationwide sample of refinanced mortgages from 2000 to 2007.
January 27, 2023

Property Tax-Induced Mobility and Redistribution: Evidence from Mass Reappraisals

Rebecca Fraenkel
This report, by Rebecca Fraenkel, investigates the effect of property tax changes on individual homeowner mobility and voted tax rates using a panel of individual assessment and sales records in Ohio.
December 16, 2022

Real-Estate Investors, House Prices and Rents: Evidence from Capital-Gains Tax Changes

Yael Elster, Itai Ater, and Eran B. Hoffman
This report, by Yael Elster, studies the dual role of real-estate investors, households who own multiple housing units, in ownership and rental housing markets.
December 2, 2022

The Role of Property Tax in California's Housing Crisis

Paul J. Fisher
This report, by Paul J. Fisher, leverages differential exposure to the Proposition 13 tax laws to understand the impact of this policy on the production of housing in Southern California.
November 18, 2022

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Center for Policy Research
426 Eggers Hall