Published Date
Author
Michael A. Kilgore
Journal of Forest Economics, 2014, vol. 20, issue 2, pages 161-173
Abstract: Studies have repeatedly documented high property taxes as being a major determinant of a landowner's decision to divest of its forest land. To empirically investigate the relationship between property tax burden and forest land sale activity, property tax data and over 5300 Minnesota forest land sale records from 2000 to 2008 were assembled. Analyses were carried out to identify statistically significant relationships between several measures of private forest land sale activity and forest land property tax burden. The analyses failed to find a statistically positive relationship between the two. Statistically significant negative associations were found between some measures of forest property tax burden and forest land sale frequency, indicating forest land sales activity actually decreased with increasing property tax burden. While high property taxes, no doubt, influence forest land sale decisions, the findings from this study suggest its influence may not be as pervasive as once thought.
Keywords: Property taxes; Forest land sale; Turnover; Tenure (search for similar items in EconPapers)
JEL-codes: Q23 Q24 H20 (search for similar items in EconPapers)
Date: 2014
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Journal of Forest Economics is currently edited by P. Gong and R. Brännlund
More articles in Journal of Forest Economics from Elsevier
Series data maintained by Zhang, Lei (repec@elsevier.com).
For further details log on website :
http://econpapers.repec.org/article/eeeforeco/v_3a20_3ay_3a2014_3ai_3a2_3ap_3a161-173.htm
Author
Michael A. Kilgore
Journal of Forest Economics, 2014, vol. 20, issue 2, pages 161-173
Abstract: Studies have repeatedly documented high property taxes as being a major determinant of a landowner's decision to divest of its forest land. To empirically investigate the relationship between property tax burden and forest land sale activity, property tax data and over 5300 Minnesota forest land sale records from 2000 to 2008 were assembled. Analyses were carried out to identify statistically significant relationships between several measures of private forest land sale activity and forest land property tax burden. The analyses failed to find a statistically positive relationship between the two. Statistically significant negative associations were found between some measures of forest property tax burden and forest land sale frequency, indicating forest land sales activity actually decreased with increasing property tax burden. While high property taxes, no doubt, influence forest land sale decisions, the findings from this study suggest its influence may not be as pervasive as once thought.
Keywords: Property taxes; Forest land sale; Turnover; Tenure (search for similar items in EconPapers)
JEL-codes: Q23 Q24 H20 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1104689914000166
Full text for ScienceDirect subscribers only
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text
Persistent link:http://EconPapers.repec.org/RePEc:eee:foreco:v:20:y:2014:i:2:p:161-173
Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/701775/bibliographic
http://www.elsevier. ... 701775/bibliographic
Access Statistics for this article
Journal of Forest Economics is currently edited by P. Gong and R. Brännlund
More articles in Journal of Forest Economics from Elsevier
Series data maintained by Zhang, Lei (repec@elsevier.com).
For further details log on website :
http://econpapers.repec.org/article/eeeforeco/v_3a20_3ay_3a2014_3ai_3a2_3ap_3a161-173.htm
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