Hostname: page-component-84b7d79bbc-lrf7s Total loading time: 0 Render date: 2024-07-30T02:27:02.606Z Has data issue: false hasContentIssue false
  • English
  • Français

The Incidence of Property Taxes on Agricultural Land

Published online by Cambridge University Press:  28 April 2015

H. Evan Drummond
H. Evan Drummond*
Affiliation:
Oklahoma State University
Get access Rights & Permissions [Opens in a new window]

Extract

Property tax systems have undergone rapid change in almost every state during the past few years. Consequently, their distributional impact merits investigation. The incidence of the property tax is at the heart of the distributional question. It is generally felt that land owners bear the full burden of property taxes and that changes in it are capitalized into property values. Usually it is assumed that property taxes are not shifted forward to the consumer, but there has been little empirical verification of this notion. This paper will develop a simple model of the land market to test several alternative hypotheses concerning the incidence of property taxes on agricultural land in the United States.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 7 , Issue 1 , July 1975 , pp. 131 - 136
Copyright
Copyright © Southern Agricultural Economics Association 1975

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

[1] Evan, Drummond H. and White, Fred C.. “Determinants of Rural Property Values in Georgia,” Southern Journal of Agricultural Economics, Vol. 5, No. 1, July 1973, pp. 259–64.Google Scholar
[2] Economic Research Service. “Balance Sheet of the Farming Sector, 1973,” AIB365, USDA, October 1973.Google Scholar
[3] Economic Research Service. “Farm Income State Estimates 1949-1972,” FIS 222 (Supplement), USDA, September 1973.Google Scholar
[4] Economic Research Service. “Farm Real Estate Historical Series Data: 1850-1970,” ERS 520, USDA, June 1973.Google Scholar
[5] Hall, C. A. Jr. “Direct Shifting of the Corporate Income Tax in Manufacturing,” American Economic Review, May 1964, pp. 258–71.Google Scholar
[6] Mieszkowski, Peter. “The Property Tax: An Excise Tax or a Profits Tax?,” Journal of Public Economics, No. 1, 1972, pp. 70–94.Google Scholar
[7] Mieszkowski, Peter. “Tax Incidence Theory: The Effects of Taxes on the Distribution of Income,” Journal of Economic Literature, December 1969, pp. 1103–24.Google Scholar
[8] Musgrave, R. A. “Discussion,” American Economic Review, May 1964, pp. 300–02.Google Scholar
[9] Pasour, E. C. Jr. “Real Property Taxes and Farm Real Estate Values: Incidence and Implications,” American Journal of Agricultural Economics, Vol. 55, No. 4, November 1973, pp. 549–56.Google Scholar
[10] Statistical Reporting Service. “Farm Labor,” USDA, various issues.Google Scholar
[11] U.S. Government Printing Office. Economic Report of the President, February, 1974, Washington, 1974.Google Scholar