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

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.