Taxation and real estate dynamics: a comparative analysis for six Brazilian agglomerations

Detalhes bibliográficos
Autor(a) principal: Amano, Fábio Henrique Florindo
Data de Publicação: 2023
Outros Autores: Almeida, Renan Pereira
Tipo de documento: Artigo
Idioma: por
Título da fonte: Nova Economia (Online)
Texto Completo: https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/7437
Resumo: Given the growing demand for infrastructure and social services, and the context of fiscal austerity that is still present in Brazil, the debate between land taxation and real estate prices is crucial to investigate possibilities of revenue recovery for the local government. Drawing from the causal relationship between urban land taxes and the sale price of real estate, this work investigates this relationship in 20 municipalities in the agglomerations of Belo Horizonte (MG), Brasília (DF), Salvador (BA), Vitória (ES), Cachoeiro de Itapemirim (ES) and Criciúma (SC) from econometric estimations using advertising data. The results support the hypothesis that higher IPTU levels are not associated with higher levels of home sales prices. In addition, much of the price variability was explained by variables at the municipality and agglomeration levels. Keywords: land taxation, real estate, urban development, hierarchical model. JEL Codes: H71, H7, R3, R5.
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spelling Taxation and real estate dynamics: a comparative analysis for six Brazilian agglomerationsTributação e dinâmica imobiliária: uma análise comparativa para seis aglomerações brasileirasGiven the growing demand for infrastructure and social services, and the context of fiscal austerity that is still present in Brazil, the debate between land taxation and real estate prices is crucial to investigate possibilities of revenue recovery for the local government. Drawing from the causal relationship between urban land taxes and the sale price of real estate, this work investigates this relationship in 20 municipalities in the agglomerations of Belo Horizonte (MG), Brasília (DF), Salvador (BA), Vitória (ES), Cachoeiro de Itapemirim (ES) and Criciúma (SC) from econometric estimations using advertising data. The results support the hypothesis that higher IPTU levels are not associated with higher levels of home sales prices. In addition, much of the price variability was explained by variables at the municipality and agglomeration levels. Keywords: land taxation, real estate, urban development, hierarchical model. JEL Codes: H71, H7, R3, R5.Dada a crescente demanda por infraestrutura e serviços sociais, e o contexto de austeridade fiscal ainda presente no Brasil, o debate entre tributação fundiária e preço dos imóveis é crucial para investigar possibilidades de recuperação de receitas para o setor público local. Partindo do resgate da relação teórica entre tributos sobre o solo urbano e preço de venda dos imóveis, a qual supõe que esses tributos não são repassados para o preço dos imóveis, este artigo investiga essa relação em 20 municípios das aglomerações de Belo Horizonte (MG), Brasília (DF), Salvador (BA), Vitória (ES), Cachoeiro de Itapemirim (ES) e Criciúma (SC), a partir de análises econométricas usando dados de anúncios. Os resultados corroboram a hipótese de que níveis mais altos de IPTU não estão associados a níveis mais altos de preços de vendas de imóveis. Ademais, boa parte da variabilidade dos preços imobiliários foi explicada por aspectos relacionados ao nível do município e da aglomeração. Palavras-chave: tributação da terra, dinâmica imobiliária, desenvolvimento urbano, modelo hierárquico. Códigos JEL: H71, H7, R3, R5.Departamento de Ciências Econômicas da UFMG2023-07-25info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttps://revistas.face.ufmg.br/index.php/novaeconomia/article/view/7437Nova Economia; Vol. 33 No. 1 (2023): Revista Nova Economia; 181-209Nova Economia; v. 33 n. 1 (2023): Revista Nova Economia; 181-2091980-53810103-6351reponame:Nova Economia (Online)instname:Universidade Federal de Minas Gerais (UFMG)instacron:UFMGporhttps://revistas.face.ufmg.br/index.php/novaeconomia/article/view/7437/3979Copyright (c) 2023 Fábio Henrique Florindo Amano, Renan Pereira Almeidahttp://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessAmano, Fábio Henrique FlorindoAlmeida, Renan Pereira2023-12-27T01:34:31Zoai:ojs.pkp.sfu.ca:article/7437Revistahttps://revistas.face.ufmg.br/index.php/novaeconomiaPUBhttps://revistas.face.ufmg.br/index.php/novaeconomia/oai||ne@face.ufmg.br1980-53810103-6351opendoar:2023-12-27T01:34:31Nova Economia (Online) - Universidade Federal de Minas Gerais (UFMG)false
dc.title.none.fl_str_mv Taxation and real estate dynamics: a comparative analysis for six Brazilian agglomerations
Tributação e dinâmica imobiliária: uma análise comparativa para seis aglomerações brasileiras
title Taxation and real estate dynamics: a comparative analysis for six Brazilian agglomerations
spellingShingle Taxation and real estate dynamics: a comparative analysis for six Brazilian agglomerations
Amano, Fábio Henrique Florindo
title_short Taxation and real estate dynamics: a comparative analysis for six Brazilian agglomerations
title_full Taxation and real estate dynamics: a comparative analysis for six Brazilian agglomerations
title_fullStr Taxation and real estate dynamics: a comparative analysis for six Brazilian agglomerations
title_full_unstemmed Taxation and real estate dynamics: a comparative analysis for six Brazilian agglomerations
title_sort Taxation and real estate dynamics: a comparative analysis for six Brazilian agglomerations
author Amano, Fábio Henrique Florindo
author_facet Amano, Fábio Henrique Florindo
Almeida, Renan Pereira
author_role author
author2 Almeida, Renan Pereira
author2_role author
dc.contributor.author.fl_str_mv Amano, Fábio Henrique Florindo
Almeida, Renan Pereira
description Given the growing demand for infrastructure and social services, and the context of fiscal austerity that is still present in Brazil, the debate between land taxation and real estate prices is crucial to investigate possibilities of revenue recovery for the local government. Drawing from the causal relationship between urban land taxes and the sale price of real estate, this work investigates this relationship in 20 municipalities in the agglomerations of Belo Horizonte (MG), Brasília (DF), Salvador (BA), Vitória (ES), Cachoeiro de Itapemirim (ES) and Criciúma (SC) from econometric estimations using advertising data. The results support the hypothesis that higher IPTU levels are not associated with higher levels of home sales prices. In addition, much of the price variability was explained by variables at the municipality and agglomeration levels. Keywords: land taxation, real estate, urban development, hierarchical model. JEL Codes: H71, H7, R3, R5.
publishDate 2023
dc.date.none.fl_str_mv 2023-07-25
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/7437
url https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/7437
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://revistas.face.ufmg.br/index.php/novaeconomia/article/view/7437/3979
dc.rights.driver.fl_str_mv Copyright (c) 2023 Fábio Henrique Florindo Amano, Renan Pereira Almeida
http://creativecommons.org/licenses/by/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2023 Fábio Henrique Florindo Amano, Renan Pereira Almeida
http://creativecommons.org/licenses/by/4.0
eu_rights_str_mv openAccess
dc.publisher.none.fl_str_mv Departamento de Ciências Econômicas da UFMG
publisher.none.fl_str_mv Departamento de Ciências Econômicas da UFMG
dc.source.none.fl_str_mv Nova Economia; Vol. 33 No. 1 (2023): Revista Nova Economia; 181-209
Nova Economia; v. 33 n. 1 (2023): Revista Nova Economia; 181-209
1980-5381
0103-6351
reponame:Nova Economia (Online)
instname:Universidade Federal de Minas Gerais (UFMG)
instacron:UFMG
instname_str Universidade Federal de Minas Gerais (UFMG)
instacron_str UFMG
institution UFMG
reponame_str Nova Economia (Online)
collection Nova Economia (Online)
repository.name.fl_str_mv Nova Economia (Online) - Universidade Federal de Minas Gerais (UFMG)
repository.mail.fl_str_mv ||ne@face.ufmg.br
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