An empirical investigation of the effects of impact fees on housing and land markets

被引:77
|
作者
Ihlanfeldt, KR
Shaughnessy, TM
机构
[1] Florida State Univ, Coll Social Sci, DeVoe L Moore Ctr, Tallahassee, FL 32306 USA
[2] Florida State Univ, Coll Social Sci, Dept Econ, Tallahassee, FL 32306 USA
[3] Louisiana State Univ, Dept Econ & Finance, Shreveport, LA 71115 USA
关键词
impact fees; tax incidence; housing market estimation;
D O I
10.1016/j.regsciurbeco.2003.11.002
中图分类号
F [经济];
学科分类号
02 ;
摘要
This paper presents the results from estimating the effects of development impact fees on the prices of new and existing single-family homes and undeveloped residential land using unique data for Dade County, FL. The results show that an additional US$1.00 of fees increases the price of both new and existing housing by about US$1.60 and reduces the price of land by about US$1.00. These findings are shown to be consistent with the new view but not the old view theory of impact fee incidence. (C) 2004 Elsevier B.V. All rights reserved.
引用
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页码:639 / 661
页数:23
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