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National Center for Real Estate Research

Fiscal Policy and Property Values

November 2006

This study discusses the current state of knowledge about the impacts of state and local taxes on property values. Evidence of the negative relationship between property values and tax rates suggests that households are influenced by property tax rates when making decisions about where to reside. The report also provides insights into how to interpret some of these findings.

Executive Summary (748K pdf) | Full Report (969K pdf)

Fiscal Policy and Economic Development

November 2006

This report discusses the impacts of state and local taxes on economic activity such as employment. While no consensus has emerged on the impact of taxes on business location, there is growing evidence that state and local taxes do play a role in regional employment and gross state product. The report also summarizes the latest research on tax competition in which jurisdictions compete for business through tax policy.

Executive Summary (708K pdf) | Full Report (1.13K pdf)

State and Local Infrastructure Financing: A Review of Spending Patterns and Financing Mechanisms

July 2006

This report reviews actual spending by state and local governments on infrastructure networks across seven major categories of spending including highways, air transportation and transit. It reviews recent federal grants to state and local governments for infrastructure purposes, as well as traditional financing mechanisms. Finally, the report summarizes approaches to setting spending priorities for infrastructure projects.

Full Report (822K pdf) | Statistical Appendix (1.14K pdf)

State and Local Fiscal Trends and Future Threats

October 2005

Economic, political, and technological developments have dramatically changed how state and local governments raise and spend revenue. However, finance structures have not changed significantly over the past five decades. The basic structure of the tax systems was designed for a different time and a much different economy.This report describes state and local fiscal systems and the trends affecting their revenue and expenditures. These trends and potential threats include the aging of the population, the increasing importance of services and intangible assets in the economy, globalization and shifting responsibilities that frequently lead to unfunded mandates.

Executive Summary (836K pdf) | Full Report (1.3MB pdf) |
Report Presentation (240K ppt)

State and Local Fiscal Policy and Economic Growth and Development

October 2005

This report addresses important issues involving state and local government policy and its effect on economic growth and development. Its focus is on the extent to which there is a balanced revenue system that can support economic development without unduly burdening any one sector.

Executive Summary (642K pdf) | Full Report (1840K pdf) |
Report Presentation (104K ppt)

State and Local Government Finances: Today's Structure and Tomorrow's Challenges

April 2005

This report provides a comprehensive summary of the current condition of state and local government finances and a broad-based analysis of the key fiscal issues they are experiencing and will confront during the next five to ten years.

Executive Summary (397K pdf) | Full Report (2.6MB pdf) |
Report Presentation (780K ppt)

Potential Impacts of Increases in Real Estate Transfer Taxes

August 2003

This study looks at the regressive nature of state transfer taxes. Transfer taxes of one percent or more are currently in place in the District of Columbia, Delaware, New Hampshire, New York, Washington and Pennsylvania. The report discusses the negative impact they have on buyers, sellers and communities.

Full Report (76K pdf)

Potential Impacts of Sales Taxation of Services on the Real Estate Sector

August 2003

This study looks at how applying a sales tax to real estate services would reduce the demand for housing by increasing the cost of purchasing a home.

Full Report (75K pdf)

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