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| Title: | 財產稅之租稅資本化：台北都市化地區之實證研究 |
| Authors: | 李中文 |
| Contributors: | 張勝文
李中文 |
| Keywords: | 財產稅
租稅資本化
租稅歸宿
Property taxation
Capitalization
Tax incidence |
| Date: | 2002 |
| Issue Date: | 2009-09-18 10:54:30 (UTC+8) |
| Abstract: | 在其他條件不變時，房屋的現值是居住者將預期該棟房屋在未來各期所能提供的服務價值，扣除預期未來各期所需負擔之財產稅後，將淨服務價值按折現率加以折現後之價值。租稅資本化問題即為研究財產稅折現進入房價的比率，但是，公共支出與有效財產稅率之間的潛在關連與房屋服務價值的設算方式是相關研究的最大限制，本文採用Palmon and Smith (1998b)的修正後的Capitalization Model，以預測租金加上管理費設算房屋所提供的服務價值，配合台北市與台北縣的買屋抽樣資料，估計台北都市化地區的財產稅資本化比率，幾乎所有的實證結果都顯示存在著過度資本化的情形，探究可能的原因，資料的誤差以及相關變數的遺漏都有可能導致過度資本化的情形。若是資料誤差不大時，購屋者的資訊不完全與房價被高估而使有效財產稅率過低也許是造成過度資本化的真正原因。
All other things being equal, the value of a house equals the present value of the rental flow minus the present value of the property tax flow. The objective of this study is to estimate the degree of property tax capitalization of the Taipei urbanized area. In fact, there are two main limitations on this issue—the potential correlation between local public expenditures and effective property tax rate, and the method in computing the value of housing service. We apply the modified capitalization model established by Palmon and Smith (1998b) and the idea that the values of housing services equal the estimates of rental prices plus the management fees to estimate the degree of capitalization. Our result shows that there is over capitalization in Taipei urbanized area and that the degree of capitalization reported here is much greater than those from past studies. Although such over-capitalization result may be caused by sample errors and missing variables, it can be argued that, if the sample-error problem isn’t severe, incomplete information and under-estimated effective property tax rates should take the blame for this. |
| Reference: | Reference
中文部分
李春長、張金鶚，1996，「房地產仲介市場賣方訂價與成交價和銷售期間關係之研究」，經濟論文，24：4，591-616。
張金鶚，1999，「住宅資訊系統之整合規劃與研究」，內政部營建署。
英文部分
D. M. Brasington, 2001.“Capitalization and Community Size,” Journal of Urban Economics, 50, 385-395.
A. M. Church, 1974.“Capitalization of the Effective Property Tax Rate on Single Family Residents,” National Tax Journal, 27, 113-122.
R. Dusansky, M. Ingber, and N.Karatjas, 1981.“The Impact of Property Taxation on Housing Values and Rents,” Journal of Urban Economics, 10, 240-255.
M. Edel and E. Sclar, 1974.“Taxes, Spending, and Property Values: Supply Adjustment in a Tiebout-Oates Model,” Journal of Political Economy, 82, 941-954.
B.W. Hamilton, 1976a.“The Effects of Property Taxes and Local Public Spending on Property Values: A Theoretical Comment,” Journal of Political Economy, 84. 647-650.
B.W. Hamiltion, 1976b.“Capitalization of Intrajurisdictional Differences in Local Tax Prices,” American Economic Review, 66, 743-753.
B.W. Hamilton and R. M. Schwab, 1985. “Expected Appreciation in Urban Housing Markets,” Journal of Urban Economics, 18, 100-118.
K. R. Ihlanfeldt and J. D. Jackson, 1982.“Systematic Assessment Error and Intrajurisdictional Property Tax Capitalization,” Southern Economic Journal, 49, 417-427.
A. T. King, 1973. Property Taxes, Amenities and Residential Land Values. Cambridge, Mass.:Ballinger.
A. T. King, 1977.“Estimationg Property Tax Capitalization: A Critical Comment,” Journal of Political Economy, 85, 425-431.
G. R. Meadows, 1976.“Taxes, Spending, and Property Values: A Comment and Further Results,” Journal of Political Economy, 84, 869-880.
W. E. Oates, 1969.“The Effects of Property Taxes and Local Public Spending on Property Values, An Empirical Study of Tax Capitalization and the Tiebout Hypothesis,” Journal of Political Economy, 77,957-971.
W. E. Oates, 1973.“The Effects of Property Taxes and Local Public Spending on Property Values: A Reply and Yet Further Results,” Journal of Political Economy, 81, 1004-1008.
W. H. Hoyt, 1999.“Leviathan, Local Government Expenditures, and Capitalization,” Regional Science and Urban Economics, 29, 155-171.
O Palmon, B. A. Smith, 1998a.“New Evidence on Property Tax Capitalization,” Journal of Political Economy, 106, 1099-1111.
O Palmon, B. A. Smith,1998b.“A New Approach for Identifying the Parameters of a Tax Capitalization Model, ” Journal of Urban Economics 44,299-316.
H. O. Pollakowski, 1973.“The Effects of Property Taxes and Local Public Spending on Property Values: A Comment and Further Results,” Journal of Political Economy, 81, 994-1002.
R. M. Reinhard, 1981.“Estimating Property Tax Capitalization: A Further Comment,” Journal of Political Economy, 89, 1251-1260.
C. M. Tiebout, 1956.“A Pure Theory of Local Expenditures,” Journal of Political Economy, 2,127-131.
T. J. Wales and E. G. Wiens, 1974.“Capitalization of Residential Property Taxes: An Empirical Study,” Review of Economics and Statistics, 56, 329-333.
J. Yinger, 1982.“Capitalization and the Theory of Local Public Finance,” Journal of Political Economy, 90, 917-943.
J. Yinger. H. S. Bloom, A. Borsch-Supan, and H. F. Ladd, 1988. Property Taxes and House Values: The Theory and Estimation of Intrajurisdictional Property Tax Capitalization, Academic Press, San Diego. |
| Description: | 碩士
國立政治大學
財政研究所
89255013
91 |
| Source URI: | http://thesis.lib.nccu.edu.tw/record/#G0089255013 |
| Data Type: | thesis |
| Appears in Collections: | [財政學系] 學位論文
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