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Fiscal, distributional and efficiency impacts of land and property taxes

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  • Andrew Coleman
  • Arthur Grimes

Abstract

Land taxes are known to be amongst the most efficient forms of taxation, as land is an immobile factor; property (capital value) taxes are less efficient owing to the tax on improvements. However there is little international (or New Zealand) evidence regarding the distributional impacts of land and property taxes. Nor is there much New Zealand evidence on their potential fiscal implications or about the taxes' impacts on asset values and debt positions. Using both partial and general equilibrium models, we explore impacts that may arise from the imposition of land and property taxes in New Zealand.

Suggested Citation

  • Andrew Coleman & Arthur Grimes, 2010. "Fiscal, distributional and efficiency impacts of land and property taxes," New Zealand Economic Papers, Taylor & Francis Journals, vol. 44(2), pages 179-199.
    • Handle: RePEc:taf:nzecpp:v:44:y:2010:i:2:p:179-199
    DOI: 10.1080/00779954.2010.492576
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    References listed on IDEAS

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    1. Ricardo, David, 1821. "On the Principles of Political Economy and Taxation," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, edition 3, number ricardo1821.
    2. Andrew Coleman & Arthur Grimes, 2010. "Fiscal, distributional and efficiency impacts of land and property taxes," New Zealand Economic Papers, Taylor & Francis Journals, vol. 44(2), pages 179-199.
    3. Andrew Coleman, 2009. "The long term effects of capital gains taxes in New Zealand," Working Papers 09_13, Motu Economic and Public Policy Research.
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    Cited by:

    1. Andrew Coleman, 2017. "Housing, the ‘Great Income Tax Experiment’, and the intergenerational consequences of the lease," Working Papers 17_09, Motu Economic and Public Policy Research.
    2. Andrew Coleman, 2017. "Housing, the ‘Great Income Tax Experiment’, and the intergenerational consequences of the lease," Working Papers 1709, University of Otago, Department of Economics, revised Apr 2017.
    3. Andrew Coleman & Arthur Grimes, 2010. "Fiscal, distributional and efficiency impacts of land and property taxes," New Zealand Economic Papers, Taylor & Francis Journals, vol. 44(2), pages 179-199.
    4. Norman Gemmell & Arthur Grimes & Mark Skidmore, 2019. "Do Local Property Taxes Affect New Building Development? Results from a Quasi-Natural Experiment in New Zealand," The Journal of Real Estate Finance and Economics, Springer, vol. 58(2), pages 310-333, February.

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    More about this item

    Keywords

    land tax; property tax;

    JEL classification:

    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • H22 - Public Economics - - Taxation, Subsidies, and Revenue - - - Incidence
    • H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies

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