Abstract

http://ssrn.com/abstract=2377590
 


 



Property Taxes and Their Limits: Evidence from New York City


Andrew T. Hayashi


University of Virginia - School of Law

February 2014

Stanford Law & Policy Review, Forthcoming
Virginia Law and Economics Research Paper No. 2014-04

Abstract:     
I report evidence from New York City that property assessment caps on small residential properties represent a significant tax benefit that accrues to the most valuable properties and the wealthiest neighborhoods. Moreover, rather than benefiting the long-time homeowners on fixed incomes who are their putative targets, the largest benefits go to the properties that are most likely to have been recently sold and to be located in neighborhoods where cash incomes have increased the most.

Number of Pages in PDF File: 28

Keywords: property tax, assessment caps

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Date posted: January 12, 2014 ; Last revised: February 8, 2014

Suggested Citation

Hayashi, Andrew T., Property Taxes and Their Limits: Evidence from New York City (February 2014). Stanford Law & Policy Review, Forthcoming; Virginia Law and Economics Research Paper No. 2014-04. Available at SSRN: http://ssrn.com/abstract=2377590

Contact Information

Andrew T. Hayashi (Contact Author)
University of Virginia - School of Law ( email )
580 Massie Road
Charlottesville, VA 22903
United States
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