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Benjamin H. Harris

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Research report

This report presents three tax reforms designed to promote homeownership through a channel other than the deductibility of mortgage interest. These reforms include a first-time homebuyer tax credit, a refundable tax credit for property taxes paid, and an annual flat amount tax credit for...

January 6, 2014
Amanda Eng, Benjamin H. Harris, C. Eugene Steuerle
Research report

This Tax Fact examines the property tax burden as a share of home value in the United States. Most counties have property tax burdens between 0.5 and 1.5 percent of home value. As a share of home values, counties in the Northeast, parts of the Midwest, and Texas tend to have higher property...

December 4, 2013
Benjamin H. Harris, Brian David Moore
Research report

This brief presents an overview of residential property taxes. The brief considers recent trends in aggregate property tax revenues and examines the property tax at the county level. Property taxes are an important source of revenue for local governments, though effective property tax rates vary...

November 18, 2013
Benjamin H. Harris, Brian David Moore
Research report

The impact of tax reform on housing prices has traditionally been studied by examining the user cost of capital the after-tax cost to the homeowner per unit of housing. This brief summarizes findings from a new discrete period approach which considers the time element of housing investment and...

September 13, 2013
Benjamin H. Harris
Research report

The benefits of itemized deductions for mortgage interest and property taxes vary by income and demographic characteristics. The two deductions increase after-tax income most for high-income families, particularly those with children, while low-income households hardly benefit at all. On average...

August 27, 2013
Benjamin H. Harris, Amanda Eng
Brief

The inaugural edition of the state economic monitor reviews the health of various aspects of state economies, including employment, housing, state finances, and economic growth. This monitor documents key economic conditions through June 2013 in all 50 states, and also serves as a valuable...

July 9, 2013
Benjamin H. Harris, Yuri Shadunsky
Research report

This study analyzes the effect of tax reforms on housing prices in selected cities. Using a model that incorporates transaction costs, the study finds (1) the presidents proposed limit on itemized deductions would have a minimal impact on housing prices; (2) eliminating itemized deductions...

June 5, 2013
Benjamin H. Harris
Research report

This document reviews several notable tax proposals in President Obamas Fiscal Year 2014 Budget. These include a 28 percent limit on certain tax expenditures, a cap on tax preferences for retirement savers with high balances, a minimum tax ("Buffett Rule") on high-income taxpayers, alternative...

May 7, 2013
Benjamin H. Harris, James R. Nunns, Kim S. Rueben, Eric Toder, Roberton C. Williams
Research report

Examining state and local finances in recent economic recoveries, we find that state and local government activity exhibited an unprecedented decline during the most recent recovery. Never before had state and local contribution to GDP been negative three years after a recession passed its low...

April 21, 2013
Benjamin H. Harris, Yuri Shadunsky

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