Andrew Hayashi

Property Taxes and Their Limits: Evidence from New York City

PUBLISHER
Stanford Law & Policy Review
DATE
2014
 

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.

Citation

Andrew Hayashi, Property Taxes and Their Limits: Evidence from New York City, 25 Stanford Law & Policy Review 33-51 (2014).
 

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