Author: Michael A. StegmanPublisher:
ISBN:
Category : Housing
Languages : en
Pages : 56
Book Description
Variations in Property Taxes and Investment in Owner-occupied Housing
Author: Michael A. StegmanPublisher:
ISBN:
Category : Housing
Languages : en
Pages : 56
Book Description
Variation in Property Taxes and Investment in Owner-occupied Housing
Author: Michael A. StegmanInvestment in Housing in the United States
Author: Krister AnderssonPublisher: International Monetary Fund
ISBN: 1451948808
Category : Business & Economics
Languages : en
Pages : 38
Book Description
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.
The Effect of Recent Tax Reform Proposals on the Return to Owner-occupied Housing
Author: Theodore M. CronePublisher:
ISBN:
Category : Housing
Languages : en
Pages : 34
Book Description
Taxes and the User Cost of Capital for Owner-occupied Housing
Author: Patric H. HendershottPublisher:
ISBN:
Category : Capital levy
Languages : en
Pages : 42
Book Description
Owner-occupied housing is said to be favored in the tax code because mortgage interest and property taxes can be deducted in the computation of one's income tax base in spite of the fact that the returns from owner- occupied housing = not taxed. The special tax treatment reduces the user cost of capital for owner-occupied homing. The issue treated in this paper is the measurement of the tax rate to be employed in the user cost calculations. It is argued that different tax rates am appropriate for the tenure choice and quantity-demanded decisions, and that these values depend on the detailed tax position of the household and the method of finance. Average 1977 tax rates for households in different income ranges are calculated using the NBER TAXSIM microeconomic data file on individual tax returns.
Taxation and the Owner Occupied Housing Market
Author: Michael BallPublisher:
ISBN:
Category : Home ownership
Languages : en
Pages : 60
Book Description
Property Taxation
Author: Karl E. CasePublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 152
Book Description
A Study of Property Taxes and Urban Blight
Author: Arthur D. Little, IncPublisher:
ISBN:
Category : Housing
Languages : en
Pages : 352
Book Description
The Impact of the Federal Income Tax on Investment in Housing
Author: Frank De LeeuwPublisher:
ISBN:
Category : Housing
Languages : en
Pages : 32
Book Description
Changes in the Relative Incentives to Invest in Housing
Author: Patric H. HendershottPublisher:
ISBN:
Category : Real estate investment
Languages : en
Pages : 48
Book Description