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題名 房屋稅有效稅率對建物價格之影響—以台北市萬華區為例
The Impact of the Effective House Tax Rate on House Prices: Evidence from Wanhua District, Taipei.作者 陳玠安
Chen, Jie-An貢獻者 吳文傑
Wu, Wen-Chieh
陳玠安
Chen, Jie-An關鍵詞 房屋稅
房價
分量迴歸
house tax
house prices
quantile regression日期 2019 上傳時間 7-Aug-2019 16:50:51 (UTC+8) 摘要 本文旨在探討房屋稅有效稅率對於建物價格（分離土地價格後之房價）的影響。本文研究對象鎖定台北市萬華區總層數為四或五層樓之房屋。與多數國內文獻不同的是，本文利用房屋實價登錄資料以及 2018 年房屋稅稅籍資料，兩份資料進行配對，進而得出包含稅額及房價之樣本共 1043 筆。除了透過OLS迴歸模型觀察房屋稅有效稅率及其他與房屋特性相關之解釋變數對被解釋變數—建物價格之影響外，另也透過分量迴歸(Quantile Regression)，檢視各解釋變數對於不同分量之建物價格有何不同的邊際影響。實證結果發現，房屋稅有效稅率對建物價格有顯著負向影響，即有財產稅資本化之情形發生。由分量迴歸結果可知，房屋稅有效稅率對於0.1、0.25、0.5、0.75、0.9五個價格分量皆有顯著負向影響，然而隨著分量愈高，房屋稅有效稅率對價格的負向影響越小。
The purpose of this paper is to explore the impact of the effective tax rate on house prices (prices without land value). The research object is the houses in the Wanhua District of Taipei City with four or five floors. Different from most previous domestic literatures, this paper uses the actual selling price of house registration data and the 2018 house tax information of Taipei City, and the two data are paired. In turn, a total of 1043 samples including tax and house prices were obtained. In addition to observing the effect of effective tax rate and other explanatory variables related to housing characteristics on house prices through the OLS regression model, we examine the marginal effect of each independent variable on house prices under certain quantile through quantile regression.The empirical results show that the effective tax rate of house tax has a significant negative effect on the house prices, that is, the capitalization of property tax occurs. According to the results of quantile regression, the effective tax rate of housing tax has a significant negative impact on the price quantiles of 0.1, 0.25, 0.5, 0.75, and 0.9. However, the higher the quantile, the smaller the negative effect of the effective tax rate on house prices.參考文獻 林秋瑾、楊宗憲、張金鵬(1996)，「住宅價格指數之研究－以台北市為例」，住宅學報，第4期，頁1-30。張金鶚、范垂爐(1993)，「房地產真實交易價格之研究」，住宅學報，第1期，頁75-97。黃佳鈴、張金鶚(2005)，「從房地價格分離探討地價指數之建立」，台灣土地研究，8(2)，頁73-106。彭建文、吳森田、吳祥華(2007)，「不動產有效稅率對房價影響分析－以台北市大同區與內湖區為例」。臺灣土地研究，第10卷第2期，P49-66Brasington, D. M. (2001), “Capitalization and Community Size,” Journal of Urban Economics, 50, 385-395.Church, A. M. (1974), “Capitalization of the Effective Property Tax Rate on Single Family Residences,” National Tax Journal, 27(1), 113-122.Edel, M. and Sclar, E. (1974), “Taxes, Spending, and Property Values: Supply Adjustment in a Tiebout-Oates Model,” Journal of Political Economy, Vol. 82, No. 5, pp. 941-954.Goodman, A. C. (1983), “Capitalization of Property Tax Differentials within and among Municipalities,” Land Economics, Vol. 59, No. 2, pp. 211-219.Guilfoyle, J (2000), “The Effect of Property Taxes on Home Values,” Journal of Real Estate Literature: 2000, Vol. 8, No. 2, pp. 109-127.Hyman, D. and Pasour, E. C. (1973), “Real Property Taxes, Local Public Services and Residential Property Values,” Southern Economic Journal, April, 601-611.Johnson, M.S. and Lea, M.J. (1982), “Differential Capitalization of Local Public Service Characteristics,” Land Economics, Vol. 58, No. 2 (May, 1982), pp. 189-203.King, A. T. (1977), “Estimating Property Tax Capitalization: A Critical Comment,” Journal of Political Economy, 85, 425-431.Meadows, G. R. (1976), “Taxes, Spending, and Property Values: A Comment and Further Results,” Journal of Political Economy, Vol. 84, No. 4, Part 1, pp. 869-880.Oates, W. E. (1969), “The Effects of Property Taxes and Local Public Spending on Property Values: An Empirical Study of Tax Capitalization and the Tiebout Hypothesis,” Journal of Political Economy, Vol. 77(6), pp.957-971.Palmon, O. and Smith, B. A. (1998a), “A New Approach for Identifying the Parameters of a Tax Capitalization Model,” Journal of Urban Economics, 44, 299-316.Palmon, O. and Smith, B. A. (1998b), “Confirmations and Contractions: New Evidence on Property Tax Capitalization,” Journal of Political Economy, 106(5), 1099-1111.Reinhard, R. M., “Estimating property tax capitalization: A further comment,” Journal of Political Economy, Vol. 89, No. 6, pp. 1251-1260.Richardson, D. H. and Thalheimer, R. (1981), “Measuring the Extent of Property Tax Capitalization for Single Family Residences,” Southern Economic Journal, 47 (3): 674-89.Pollakowski, H.O. (1973), “The Effects of Property Taxes and Local Public Spending on Property Values: A Comment and Further Results,” Journal of Political Economy, Vol. 81, No. 4, pp. 994-1003.Wales, T. J. and Wiens, E. G. (1974), “Capitalization of Residential Property Taxes: An Empirical Study,” The Review of Economics and Statistics, Vol. 56, No. 3, pp. 329-333.Yinger, J. (1988), Property Taxes and House Values: the Theory and Estimation of Intrajurisdictional Property Tax Capitalization. 描述 碩士
國立政治大學
財政學系
106255010資料來源 http://thesis.lib.nccu.edu.tw/record/#G0106255010 資料類型 thesis dc.contributor.advisor 吳文傑 zh_TW dc.contributor.advisor Wu, Wen-Chieh en_US dc.contributor.author (Authors) 陳玠安 zh_TW dc.contributor.author (Authors) Chen, Jie-An en_US dc.creator (作者) 陳玠安 zh_TW dc.creator (作者) Chen, Jie-An en_US dc.date (日期) 2019 en_US dc.date.accessioned 7-Aug-2019 16:50:51 (UTC+8) - dc.date.available 7-Aug-2019 16:50:51 (UTC+8) - dc.date.issued (上傳時間) 7-Aug-2019 16:50:51 (UTC+8) - dc.identifier (Other Identifiers) G0106255010 en_US dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/124950 - dc.description (描述) 碩士 zh_TW dc.description (描述) 國立政治大學 zh_TW dc.description (描述) 財政學系 zh_TW dc.description (描述) 106255010 zh_TW dc.description.abstract (摘要) 本文旨在探討房屋稅有效稅率對於建物價格（分離土地價格後之房價）的影響。本文研究對象鎖定台北市萬華區總層數為四或五層樓之房屋。與多數國內文獻不同的是，本文利用房屋實價登錄資料以及 2018 年房屋稅稅籍資料，兩份資料進行配對，進而得出包含稅額及房價之樣本共 1043 筆。除了透過OLS迴歸模型觀察房屋稅有效稅率及其他與房屋特性相關之解釋變數對被解釋變數—建物價格之影響外，另也透過分量迴歸(Quantile Regression)，檢視各解釋變數對於不同分量之建物價格有何不同的邊際影響。實證結果發現，房屋稅有效稅率對建物價格有顯著負向影響，即有財產稅資本化之情形發生。由分量迴歸結果可知，房屋稅有效稅率對於0.1、0.25、0.5、0.75、0.9五個價格分量皆有顯著負向影響，然而隨著分量愈高，房屋稅有效稅率對價格的負向影響越小。 zh_TW dc.description.abstract (摘要) The purpose of this paper is to explore the impact of the effective tax rate on house prices (prices without land value). The research object is the houses in the Wanhua District of Taipei City with four or five floors. Different from most previous domestic literatures, this paper uses the actual selling price of house registration data and the 2018 house tax information of Taipei City, and the two data are paired. In turn, a total of 1043 samples including tax and house prices were obtained. In addition to observing the effect of effective tax rate and other explanatory variables related to housing characteristics on house prices through the OLS regression model, we examine the marginal effect of each independent variable on house prices under certain quantile through quantile regression.The empirical results show that the effective tax rate of house tax has a significant negative effect on the house prices, that is, the capitalization of property tax occurs. According to the results of quantile regression, the effective tax rate of housing tax has a significant negative impact on the price quantiles of 0.1, 0.25, 0.5, 0.75, and 0.9. However, the higher the quantile, the smaller the negative effect of the effective tax rate on house prices. en_US dc.description.tableofcontents 第一章 緒論 1第一節 研究動機與目的 1第二節 研究方法 3第三節 研究限制 4第四節 研究架構 4第二章 文獻回顧 5第一節 特徵價格模型 5第二節 財產稅資本化 6第三節 Amenity Models 10第三章 研究設計 12第一節 資料配對方法 12第二節 計量模型設定 15第三節 變數與預期符號 18第四章 資料來源 21第一節 資料來源 21第二節 樣本限制—台北市房屋實價登錄資料 21第三節 樣本限制—台北市房屋稅籍資料 22第四節 敘述統計 22第五章 實證結果 26第一節 模型檢定 26第二節 實價登錄資料之迴歸結果 27第三節 配對後資料之迴歸結果 29第四節 穩健性測試 33第六章 結論與建議 35第一節 結論 35第二節 建議 36第七章 參考文獻 37第一節 英文文獻 37第二節 中文文獻 39 zh_TW dc.format.extent 743608 bytes - dc.format.mimetype application/pdf - dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0106255010 en_US dc.subject (關鍵詞) 房屋稅 zh_TW dc.subject (關鍵詞) 房價 zh_TW dc.subject (關鍵詞) 分量迴歸 zh_TW dc.subject (關鍵詞) house tax en_US dc.subject (關鍵詞) house prices en_US dc.subject (關鍵詞) quantile regression en_US dc.title (題名) 房屋稅有效稅率對建物價格之影響—以台北市萬華區為例 zh_TW dc.title (題名) The Impact of the Effective House Tax Rate on House Prices: Evidence from Wanhua District, Taipei. en_US dc.type (資料類型) thesis en_US dc.relation.reference (參考文獻) 林秋瑾、楊宗憲、張金鵬(1996)，「住宅價格指數之研究－以台北市為例」，住宅學報，第4期，頁1-30。張金鶚、范垂爐(1993)，「房地產真實交易價格之研究」，住宅學報，第1期，頁75-97。黃佳鈴、張金鶚(2005)，「從房地價格分離探討地價指數之建立」，台灣土地研究，8(2)，頁73-106。彭建文、吳森田、吳祥華(2007)，「不動產有效稅率對房價影響分析－以台北市大同區與內湖區為例」。臺灣土地研究，第10卷第2期，P49-66Brasington, D. M. (2001), “Capitalization and Community Size,” Journal of Urban Economics, 50, 385-395.Church, A. M. (1974), “Capitalization of the Effective Property Tax Rate on Single Family Residences,” National Tax Journal, 27(1), 113-122.Edel, M. and Sclar, E. (1974), “Taxes, Spending, and Property Values: Supply Adjustment in a Tiebout-Oates Model,” Journal of Political Economy, Vol. 82, No. 5, pp. 941-954.Goodman, A. C. (1983), “Capitalization of Property Tax Differentials within and among Municipalities,” Land Economics, Vol. 59, No. 2, pp. 211-219.Guilfoyle, J (2000), “The Effect of Property Taxes on Home Values,” Journal of Real Estate Literature: 2000, Vol. 8, No. 2, pp. 109-127.Hyman, D. and Pasour, E. C. (1973), “Real Property Taxes, Local Public Services and Residential Property Values,” Southern Economic Journal, April, 601-611.Johnson, M.S. and Lea, M.J. (1982), “Differential Capitalization of Local Public Service Characteristics,” Land Economics, Vol. 58, No. 2 (May, 1982), pp. 189-203.King, A. T. (1977), “Estimating Property Tax Capitalization: A Critical Comment,” Journal of Political Economy, 85, 425-431.Meadows, G. R. (1976), “Taxes, Spending, and Property Values: A Comment and Further Results,” Journal of Political Economy, Vol. 84, No. 4, Part 1, pp. 869-880.Oates, W. E. (1969), “The Effects of Property Taxes and Local Public Spending on Property Values: An Empirical Study of Tax Capitalization and the Tiebout Hypothesis,” Journal of Political Economy, Vol. 77(6), pp.957-971.Palmon, O. and Smith, B. A. (1998a), “A New Approach for Identifying the Parameters of a Tax Capitalization Model,” Journal of Urban Economics, 44, 299-316.Palmon, O. and Smith, B. A. (1998b), “Confirmations and Contractions: New Evidence on Property Tax Capitalization,” Journal of Political Economy, 106(5), 1099-1111.Reinhard, R. M., “Estimating property tax capitalization: A further comment,” Journal of Political Economy, Vol. 89, No. 6, pp. 1251-1260.Richardson, D. H. and Thalheimer, R. (1981), “Measuring the Extent of Property Tax Capitalization for Single Family Residences,” Southern Economic Journal, 47 (3): 674-89.Pollakowski, H.O. (1973), “The Effects of Property Taxes and Local Public Spending on Property Values: A Comment and Further Results,” Journal of Political Economy, Vol. 81, No. 4, pp. 994-1003.Wales, T. J. and Wiens, E. G. (1974), “Capitalization of Residential Property Taxes: An Empirical Study,” The Review of Economics and Statistics, Vol. 56, No. 3, pp. 329-333.Yinger, J. (1988), Property Taxes and House Values: the Theory and Estimation of Intrajurisdictional Property Tax Capitalization. zh_TW dc.identifier.doi (DOI) 10.6814/NCCU201900335 en_US
