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Explainer: Do taxes on property cause high house prices? No

Author

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  • Murray, Cameron

    (The University of Sydney)

Abstract
Housing industry lobbyists in Australia and abroad often claim that property-related taxes comprise a large and growing share of the price of new housing and are hence pushing up the market price of new and existing dwellings. Land taxes, stamp duties on property transactions, GST on value-added investments, and other fees and charges are generally included in this analysis, as are many inferred price effects that are assumed to be due to regulations. This note explains four reasons why the claims of this tax summation approach are not valid. 1. Many of the included costs are not taxes on new housing. 2. Adding indirect taxes double counts. 3. Assumed price effects are implausible. 4. Taxes on property assets reduce market prices, not add to them.

Suggested Citation

  • Murray, Cameron, 2021. "Explainer: Do taxes on property cause high house prices? No," OSF Preprints nv596, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:nv596
    DOI: 10.31219/osf.io/nv596
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    Cited by:

    1. Rowley, Steven & Leishman, Chris & Olatunji, Oluwole & Zuo, Jian & Crowe, Adam, 2022. "Understanding how policy settings affect developer decisions," SocArXiv 8e659, Center for Open Science.

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