House Values, Property Taxes and Municipal Spending: How New Jersey Spent the Housing Boom

Client: Research on Property Taxation
Faculty: Amy Ellen Schwartz and Peter Teitelbaum
Team: Margot Asher, Isabelle Kim, Phyllis Stinson, John Tierno
Year: 2006
This study examines the relationship between the rise in housing prices from 1998-2004 and changes in spending by New Jersey municipalities. The remarkable increase in property wealth over this time period presents a great opportunity to study what local communities might do with "unexpected" revenue.