The Effect of Tax Increment Financing Districts on Residential Property Prices: An Analysis of the Atlanta Real Estate Market Open Access

Lewis, Tanner (Spring 2019)

Permanent URL: https://etd.library.emory.edu/concern/etds/h415pb49j?locale=pt-BR%2A
Published

Abstract

This paper uses a difference-in-difference hedonic regression model to measure the effect of Tax Increment Financing (TIF) designation on residential property sales prices. Based on an analysis of tax parcel sales in Atlanta, Georgia, this paper finds that TIF designation has a significant, positive effect on residential property values. This paper also employs several methods to account for selection bias resulting from non-random designation of TIF districts, including a Heckman selection model and propensity score weighting and matching. These methods point toward an even stronger positive effect of TIF. This paper concludes that, at least in Atlanta, TIF has been an effective tool for local economic development.

Table of Contents

Table of Contents

Introduction 1

Literature Review 5

Data 8

Estimation Strategy 11

Results 18

Outcome Model 18

Heckman Selection Model 20

IPTW Model 21

Propensity Matching Model 22

Conclusion 23

References 26

Appendix 28

About this Honors Thesis

Rights statement
  • Permission granted by the author to include this thesis or dissertation in this repository. All rights reserved by the author. Please contact the author for information regarding the reproduction and use of this thesis or dissertation.
School
Department
Degree
Submission
Language
  • English
Research Field
Keyword
Committee Chair / Thesis Advisor
Committee Members
Last modified

Primary PDF

Thumbnail Title Date Uploaded Actions
The Effect of Tax Increment Financing Districts on Residential Property Prices: An Analysis of the Atlanta Real Estate Market () 2019-04-09 11:00:24 -0400

Supplemental Files

Thumbnail Title Date Uploaded Actions