Report-Oregon-Property-Tax-Capitalization-FINAL
Report-Oregon-Property-Tax-Capitalization-FINAL
Report-Oregon-Property-Tax-Capitalization-FINAL
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OREGON PROPERTY TAX CAPITALIZATION: EVIDENCE FROM PORTLAND<br />
26<br />
Table III - <strong>Property</strong> sale price regression results with school characteristics. Dependent variable: Sale price. (n=21216)<br />
II-I(a) II-I(b) II-I(c) II-II(a) II-II(b) II-II(c) II-III(a) II-III(b) II-III(c)<br />
<strong>Property</strong> Characteristics<br />
Size of property (sqft)<br />
Age of property<br />
159.46**<br />
(3.13)<br />
-75.67**<br />
(32.27)<br />
159.54**<br />
(3.12)<br />
-89.94**<br />
(37.11)<br />
158.89**<br />
(3.13)<br />
43.10<br />
(36.07)<br />
159.45**<br />
(3.12)<br />
-140.66**<br />
(37.46)<br />
159.52**<br />
(3.12<br />
-146.13**<br />
(37.35)<br />
159.08**<br />
(3.12)<br />
-74.39**<br />
(36.48)<br />
157.40**<br />
(3.48)<br />
-93.89**<br />
(33.82)<br />
157.46**<br />
(3.49)<br />
-97.72**<br />
(34.13)<br />
157.22**<br />
(3.49)<br />
-66.00*<br />
(34.03)<br />
<strong>Tax</strong> Characteristics<br />
AV/RMV ratio<br />
Compression ratio<br />
Effective tax rate (mills)<br />
-1373.89**<br />
(57.07)<br />
-2085.68**<br />
(85.39)<br />
-1779.84**<br />
(202.27)<br />
-6630.94**<br />
(330.31)<br />
-1541.70**<br />
(59.32)<br />
-2053.67**<br />
(86.13)<br />
-1316.63**<br />
(200.63)<br />
-8969.64**<br />
(356.30)<br />
-1092.98**<br />
(91.74)<br />
-1188.34**<br />
(124.81)<br />
-196.09<br />
(207.02)<br />
-5673.93**<br />
(528.01)<br />
School Characteristics<br />
Reading score<br />
Math score<br />
3369.22**<br />
(144.39)<br />
553.05**<br />
(130.28)<br />
3417.88**<br />
(146.80)<br />
414.90**<br />
(132.52)<br />
3404.23**<br />
(146.53)<br />
469.03**<br />
(132.23)<br />
3294.20**<br />
(142.75)<br />
551.94**<br />
(128.63)<br />
3402.59**<br />
(145.01)<br />
450.15**<br />
(130.81)<br />
Fixed Effects – Year sold (base = 2010)<br />
<strong>Oregon</strong>’s Electric Vehicle Industry<br />
2011<br />
2012<br />
2013<br />
-4242.38*<br />
(2558.31)<br />
13433.97**<br />
(2547.25)<br />
42495.08**<br />
(2527.32)<br />
-4452.78*<br />
(2556.11)<br />
11781.79**<br />
(2527.26)<br />
40240.67**<br />
(2524.12)<br />
3523.72**<br />
(145.00)<br />
406.61**<br />
(130.49)<br />
-5196.43**<br />
(2571.42)<br />
11177.65**<br />
(2598.50)<br />
48393.3**<br />
(2643.05)<br />
643.85**<br />
(212.54)<br />
124.42<br />
(177.58)<br />
-11789.81**<br />
(2324.45)<br />
4945.78**<br />
(2451.183)<br />
35217.38**<br />
(2371.70)<br />
653.45**<br />
(212.67)<br />
114.70<br />
(177.99)<br />
-11656.71**<br />
(2333.32)<br />
4916.47**<br />
(2448.86)<br />
35044.47**<br />
(2363.39)<br />
669.47**<br />
(212.88)<br />
103.08<br />
(178.17)<br />
-13487.34**<br />
(2341.30)<br />
1973.71<br />
(2478.06)<br />
37729.93**<br />
(2585.56)<br />
Fixed Effects – Neighborhood<br />
Neighborhoods Omitted Omitted Omitted<br />
Constant<br />
-134512.6**<br />
(8212.86)<br />
79430.42**<br />
(23553.78)<br />
-144013**<br />
(8339.02)<br />
-136431.1**<br />
(8131.03)<br />
21815.01<br />
(23338.97)<br />
-125847.6**<br />
(8234.96)<br />
169374.2**<br />
(14105.38)<br />
194468.7**<br />
(27842.26)<br />
178447.3**<br />
(14365.38)<br />
R-squared 0.59 0.59 0.58 0.60 0.60 0.59 0.70 0.69 0.70<br />
* Significantly different from zero with 90% confidence.<br />
** Significantly different from zero with 95% confidence.<br />
Northwest Economic Research Center
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