Property Tax Literature Review Essay
2.0 Literature Review
Over the years they have been several theoretical views about property tax. Marshall, (1890) posited that general property tax is a tax that is shifted to the consumers. The tax as he sees it is a local property tax, and it is a tax that will cause residents to move to other locations if it is not accompanied by local public services.
Netzer, (1966) also put forward the view that property tax is also one that is shifted to the consumers of public services. It was also his view that the tax will lead to an increase in the prices of houses in a specific jurisdiction.
Rolph and Break, (1969) however on the other hand argues that a property tax can be shifted backwards to immobile capital. In their views the tax is levied on capital. Similarly Mieskowski, (1972) and Orr, (1968) supported their views that the property tax is one that is levied on capital improvements. The theory surrounds the significant role of the tax incidence. The tax incidence relates to what must be taxed, should it be viewed as a benefit tax or as a tax on capital. The differences are driven by assumptions relating to the mobility of capital and residents. This led to two competing views the “benefit view” and the “new view”.
The benefit view is one in which the local
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