Question 1

In the traditional view, the property tax on structures creates inefficiency by discouraging new construction and repairs to the existing stock of buildings.

Accepted Answer

A) True 
B) False 
C) Uncertain 
A) True 
B) False 
C) Uncertain

Question 2

Assessment ratios differ systematically for different types of property.

Accepted Answer

A) True 
B) False 
C) Uncertain 
A) True 
B) False 
C) Uncertain

Question 3

In the traditional view, the burden of the property tax that falls on land that cannot be varied falls completely on the landowner.

Accepted Answer

A) True 
B) False 
C) Uncertain 
A) True 
B) False 
C) Uncertain

Question 4

In the new view, the general effect of the tax is to lower the return to capital, which tends to be regressive in its impact on the income distribution.

Accepted Answer

A) True 
B) False 
C) Uncertain 
A) True 
B) False 
C) Uncertain

Question 5

The new view of the property tax uses a standard partial equilibrium framework.

Accepted Answer

A) True 
B) False 
C) Uncertain 
A) True 
B) False 
C) Uncertain

Question 6

The three views of the property tax are not mutually exclusive alternatives; each may be valid in different contexts.

Accepted Answer

A) True 
B) False 
C) Uncertain 
A) True 
B) False 
C) Uncertain

Question 7

Some cities have a relatively high residential property tax, while others have a low residential property tax. Give an explanation for this.

Accepted Answer

The number of people and their preferenc

In the traditional view, the property tax on structures creates inefficiency by discouraging new construction and repairs to the existing stock of buildings.

Assessment ratios differ systematically for different types of property.

In the traditional view, the burden of the property tax that falls on land that cannot be varied falls completely on the landowner.

In the new view, the general effect of the tax is to lower the return to capital, which tends to be regressive in its impact on the income distribution.

The new view of the property tax uses a standard partial equilibrium framework.

The three views of the property tax are not mutually exclusive alternatives; each may be valid in different contexts.

Some cities have a relatively high residential property tax, while others have a low residential property tax. Give an explanation for this.

Introduction to Public Finance in Canada

Fundamentals of Welfare Economics

Cost-Benefit Analysis

Public Goods

Externalities

Income Redistribution

Public Choice

Fiscal Federalism

Health Care

Employment Insurance

Public Pensions

Social Welfare Programs

Education

Taxation and Income Distribution

Taxation and Efficiency

Efficient and Equitable Taxation

The Personal Income Tax

Personal Taxation and Behaviour

Consumption Taxation

The Corporation Tax

Filters

Exam 20: Taxes on Wealth and Property

In the traditional view, the property tax on structures creates inefficiency by discouraging new construction and repairs to the existing stock of buildings.

Assessment ratios differ systematically for different types of property.

In the traditional view, the burden of the property tax that falls on land that cannot be varied falls completely on the landowner.

In the new view, the general effect of the tax is to lower the return to capital, which tends to be regressive in its impact on the income distribution.

The new view of the property tax uses a standard partial equilibrium framework.

The three views of the property tax are not mutually exclusive alternatives; each may be valid in different contexts.

Some cities have a relatively high residential property tax, while others have a low residential property tax. Give an explanation for this.

Introduction to Public Finance in Canada

Fundamentals of Welfare Economics

Cost-Benefit Analysis

Public Goods

Externalities

Income Redistribution

Public Choice

Fiscal Federalism

Health Care

Employment Insurance

Public Pensions

Social Welfare Programs

Education

Taxation and Income Distribution

Taxation and Efficiency

Efficient and Equitable Taxation

The Personal Income Tax

Personal Taxation and Behaviour

Consumption Taxation

The Corporation Tax

Filters