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The fiscal externality of multifamily housing and its impact on the property tax: Evidence from cities and schools, 1980-2010
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文摘

Housing units located in multifamily structures have higher per-capita values than single-family homes.

Communities with a greater share of housing devoted to apartments have higher per-capita residential property values.

Apartments allow communities to finance per-capita spending with lower property tax rates, holding all else equal.

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