Land Values, Property Rights, and Home Ownership : Implications for Property Taxation in Peru

This paper evaluates the effect of property rights on property values in Peru. Previous research on squatting has shed light on how the provision of formal land titles affects a number of socioeconomic outcomes and a subset of this research has provided estimates on how the provision of formal title...

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Main Authors:	Hawley, Zackary, Miranda, Juan José, Sawyer, W. Charles
Format:	Journal Article
Published:	Elsevier 2018
Subjects:	PROPERTY RIGHTS SQUATTING PROPERTY TAX TAXATION HEDONIC MODEL HEDONIC PRICE FUNCTION LAND VALUES LAND TITLE LAND USE
Online Access:	http://hdl.handle.net/10986/29229

id	okr-10986-29229
recordtype	oai_dc
spelling	okr-10986-292292021-05-25T10:54:43Z Land Values, Property Rights, and Home Ownership : Implications for Property Taxation in Peru Hawley, Zackary Miranda, Juan José Sawyer, W. Charles PROPERTY RIGHTS SQUATTING PROPERTY TAX TAXATION HEDONIC MODEL HEDONIC PRICE FUNCTION LAND VALUES LAND TITLE LAND USE This paper evaluates the effect of property rights on property values in Peru. Previous research on squatting has shed light on how the provision of formal land titles affects a number of socioeconomic outcomes and a subset of this research has provided estimates on how the provision of formal titles affects property values. However, the phenomenon of squatting encompasses a variety of informal property rights distinct from the possession of a legal title. Using an exceptionally rich household data set including geo-location at the community level we study the effects of both formal and informal property rights on property values. Having a title increases property values by almost 7 percent and squatting on the land by invasion reduces values by about 6 percent. Using these estimates, we determine the potential losses of property tax revenue and are able to study the issue of squatting in the context of public finance. 2018-01-24T16:28:10Z 2018-01-24T16:28:10Z 2017-12-30 Journal Article Regional Science and Urban Economics 0166-0462 http://hdl.handle.net/10986/29229 CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Elsevier Publications & Research :: Journal Article Publications & Research Latin America & Caribbean Peru
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
topic	PROPERTY RIGHTS SQUATTING PROPERTY TAX TAXATION HEDONIC MODEL HEDONIC PRICE FUNCTION LAND VALUES LAND TITLE LAND USE
spellingShingle	PROPERTY RIGHTS SQUATTING PROPERTY TAX TAXATION HEDONIC MODEL HEDONIC PRICE FUNCTION LAND VALUES LAND TITLE LAND USE Hawley, Zackary Miranda, Juan José Sawyer, W. Charles Land Values, Property Rights, and Home Ownership : Implications for Property Taxation in Peru
geographic_facet	Latin America & Caribbean Peru
description	This paper evaluates the effect of property rights on property values in Peru. Previous research on squatting has shed light on how the provision of formal land titles affects a number of socioeconomic outcomes and a subset of this research has provided estimates on how the provision of formal titles affects property values. However, the phenomenon of squatting encompasses a variety of informal property rights distinct from the possession of a legal title. Using an exceptionally rich household data set including geo-location at the community level we study the effects of both formal and informal property rights on property values. Having a title increases property values by almost 7 percent and squatting on the land by invasion reduces values by about 6 percent. Using these estimates, we determine the potential losses of property tax revenue and are able to study the issue of squatting in the context of public finance.
format	Journal Article
author	Hawley, Zackary Miranda, Juan José Sawyer, W. Charles
author_facet	Hawley, Zackary Miranda, Juan José Sawyer, W. Charles
author_sort	Hawley, Zackary
title	Land Values, Property Rights, and Home Ownership : Implications for Property Taxation in Peru
title_short	Land Values, Property Rights, and Home Ownership : Implications for Property Taxation in Peru
title_full	Land Values, Property Rights, and Home Ownership : Implications for Property Taxation in Peru
title_fullStr	Land Values, Property Rights, and Home Ownership : Implications for Property Taxation in Peru
title_full_unstemmed	Land Values, Property Rights, and Home Ownership : Implications for Property Taxation in Peru
title_sort	land values, property rights, and home ownership : implications for property taxation in peru
publisher	Elsevier
publishDate	2018
url	http://hdl.handle.net/10986/29229
_version_	1764468818638274560

Land Values, Property Rights, and Home Ownership : Implications for Property Taxation in Peru

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