@article{ART002759311},
author={Sanha Noh and Shin Jinho},
title={The Effect of Comprehensive Real Estate Holding Tax and Property Tax on House Prices Using Search Frequencies},
journal={The Korea Spatial Planning Review},
issn={1229-8638},
year={2021},
volume={110},
pages={81-93},
doi={10.15793/kspr.2021.110..005}
TY - JOUR
AU - Sanha Noh
AU - Shin Jinho
TI - The Effect of Comprehensive Real Estate Holding Tax and Property Tax on House Prices Using Search Frequencies
JO - The Korea Spatial Planning Review
PY - 2021
VL - 110
IS - null
PB - 국토연구원
SP - 81
EP - 93
SN - 1229-8638
AB - Until recently, with the aim of stabilizing housing prices, policy announcements were made to increase the tax burden on the comprehensive real estate holding tax and property tax. This study analyzes the effect of comprehensive real estate holding tax and property tax on housing prices by using internet search index data reflecting changes in consumer sentiment caused by this tax increase policy. The search index data showed a sharp rise when consumers recognized the actual tax imposed. On the contrary, at the time of the government's policy announcement, the search index increased relatively little except at the time of the resumption of comprehensive real estate holding tax taxation in 2018. As a result of empirical analysis, it was found that an increase in the comprehensive real estate holding tax or property tax had a significantly negative effect on house prices in the short term. In addition, the effect of lowering the housing price of property tax would be greater than that of comprehensive real estate holding tax. From the results of this study, in the case of increasing the tax burden of the comprehensive real estate holding tax and property tax for the purpose of stabilizing the housing price, policy implications are obtained that it is important to make the increased tax amount continuously recognized by households.
KW - Comprehensive Real Estate Holding Tax;Property Tax;House Prices;Search Frequencies
DO - 10.15793/kspr.2021.110..005
ER -
Sanha Noh and Shin Jinho. (2021). The Effect of Comprehensive Real Estate Holding Tax and Property Tax on House Prices Using Search Frequencies. The Korea Spatial Planning Review, 110, 81-93.
Sanha Noh and Shin Jinho. 2021, "The Effect of Comprehensive Real Estate Holding Tax and Property Tax on House Prices Using Search Frequencies", The Korea Spatial Planning Review, vol.110, pp.81-93. Available from: doi:10.15793/kspr.2021.110..005
Sanha Noh, Shin Jinho "The Effect of Comprehensive Real Estate Holding Tax and Property Tax on House Prices Using Search Frequencies" The Korea Spatial Planning Review 110 pp.81-93 (2021) : 81.
Sanha Noh, Shin Jinho. The Effect of Comprehensive Real Estate Holding Tax and Property Tax on House Prices Using Search Frequencies. 2021; 110 81-93. Available from: doi:10.15793/kspr.2021.110..005
Sanha Noh and Shin Jinho. "The Effect of Comprehensive Real Estate Holding Tax and Property Tax on House Prices Using Search Frequencies" The Korea Spatial Planning Review 110(2021) : 81-93.doi: 10.15793/kspr.2021.110..005
Sanha Noh; Shin Jinho. The Effect of Comprehensive Real Estate Holding Tax and Property Tax on House Prices Using Search Frequencies. The Korea Spatial Planning Review, 110, 81-93. doi: 10.15793/kspr.2021.110..005
Sanha Noh; Shin Jinho. The Effect of Comprehensive Real Estate Holding Tax and Property Tax on House Prices Using Search Frequencies. The Korea Spatial Planning Review. 2021; 110 81-93. doi: 10.15793/kspr.2021.110..005
Sanha Noh, Shin Jinho. The Effect of Comprehensive Real Estate Holding Tax and Property Tax on House Prices Using Search Frequencies. 2021; 110 81-93. Available from: doi:10.15793/kspr.2021.110..005
Sanha Noh and Shin Jinho. "The Effect of Comprehensive Real Estate Holding Tax and Property Tax on House Prices Using Search Frequencies" The Korea Spatial Planning Review 110(2021) : 81-93.doi: 10.15793/kspr.2021.110..005
