COEP Replication Package for "A SALT on Real Estate? Housing Market and Migration Responses to the Limit on the State and Local Tax Deduction"
Principal Investigator(s): View help for Principal Investigator(s) Lawrence M. Kessler, University of Tennessee; Donald Bruce, University of Tennessee
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| code | 06/27/2024 11:25:AM | ||
| raw data | 06/27/2024 10:48:AM | ||
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application/pdf | 85.8 KB | 06/27/2024 06:46:AM |
Project Citation:
Kessler, Lawrence M., and Bruce, Donald. COEP Replication Package for “A SALT on Real Estate? Housing Market and Migration Responses to the Limit on the State and Local Tax Deduction.” Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2024-06-27. https://doi.org/10.3886/E206881V1
Project Description
Summary:
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The
2017 Tax Cuts and Jobs Act placed a $10,000 limit on the deductibility of state
and local taxes (SALT) for federal tax purposes. This policy change likely
increased the cost of home ownership for some households in high-tax areas. We
examine whether these costs were capitalized into the local housing market
through slower growth in housing prices. Motivated by the argument that the
SALT cap caused some taxpayers to relocate, we also examine whether the cap
influenced interstate migration patterns. The cap led to a sizeable reduction
in home price growth but had no discernable impact on state-to-state migration.
Scope of Project
JEL Classification:
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H20 Taxation, Subsidies, and Revenue: General
H30 Fiscal Policies and Behavior of Economic Agents: General
H70 State and Local Government; Intergovernmental Relations: General
R20 Urban, Rural, Regional, Real Estate, and Transportation Economics: Household Analysis: General
R30 Real Estate Markets, Spatial Production Analysis, and Firm Location: General
H20 Taxation, Subsidies, and Revenue: General
H30 Fiscal Policies and Behavior of Economic Agents: General
H70 State and Local Government; Intergovernmental Relations: General
R20 Urban, Rural, Regional, Real Estate, and Transportation Economics: Household Analysis: General
R30 Real Estate Markets, Spatial Production Analysis, and Firm Location: General
Manuscript Number:
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COEP-Jan-2024-0013
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