Investigating Inequities in Appraised Residential Property Values for Dallas County, Texas, from 2004 – 2014: Using an Instrumental Variable Approach

dc.contributor.ORCID0000-0002-6880-7041 (Fell, JW)
dc.contributor.advisorTiefelsdorf, Michael
dc.creatorFell, John William
dc.date.accessioned2019-09-23T21:55:27Z
dc.date.available2019-09-23T21:55:27Z
dc.date.created2019-05
dc.date.issued2019-05
dc.date.submittedMay 2019
dc.date.updated2019-09-23T21:57:38Z
dc.description.abstractResearch suggests that effective administration of property tax assessment is challenging under conditions of rapidly fluctuating house prices, lack of comparable sales, and use of informed guesses for value judgments. The literature catalogues tools for identifying inequities yet there is still debate over the appropriate approach. This research builds upon Cheng’s (1976) model specification to vertical inequity estimation by employing hedonic house price characteristics in the first stage of a two-stage least squares estimation. This specification generalizes into temporal and spatial models using indicator variables for sale years and market areas, respectively. Results find full expression using a graphical plot of inequity estimates in the original scale. Single-family, residential dwellings exhibit a mixture of progressive, equitable, and regressive patterns before, during, and after a period of volatile housing market dynamics in Dallas County, Texas
dc.format.mimetypeapplication/pdf
dc.identifier.urihttps://hdl.handle.net/10735.1/6876
dc.language.isoen
dc.rights©2019 John William Fell
dc.subjectProperty tax
dc.subjectTax assessment
dc.subjectHousing—Prices
dc.subjectInstrumental variables (Statistics)
dc.subjectLeast squares
dc.subjectRegression analysis
dc.subjectResidential real estate
dc.titleInvestigating Inequities in Appraised Residential Property Values for Dallas County, Texas, from 2004 – 2014: Using an Instrumental Variable Approach
dc.typeDissertation
dc.type.materialtext
thesis.degree.departmentGeospatial Information Sciences
thesis.degree.grantorThe University of Texas at Dallas
thesis.degree.levelDoctoral
thesis.degree.namePHD

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