Li, Wenli; Yu, Edison - 2020 - This draft printed: April 1, 2020
information and IRS tax data, we find that capping the federal tax deduction of real estate taxes at $10,000 has caused the growth … rate of home value to decline by an annualized 0.8 percentage point, or 15 percent, in areas where real estate taxes as … shares of taxable income exceeded the national median. Additionally, these areas with a high real estate tax burden suffered …