Effect of Socio-Economic Stratification on House Value in Bogotá

Research output: Working paper

Abstract

This paper investigates the impact of urban fiscal policies on housing value. We use a
focalization system in Bogotá where certain subsidies and taxes are targeted based on a
classification of houses according to external conditions and urban surroundings
(socioeconomic stratification). We use a regression discontinuity design, and a rich dataset on cadastre appraisal and housing characteristics, to assess whether a higher tax burden affects the property value. Our results suggest that the usual (negative) capitalization effect is
compensated by other channels. We show evidence that as stratum increases, investment on the house maintenance improve.
Translated title of the contributionEL EFECTO DE LA ESTRATIFICACIÓN SOCIOECONÓMICA SOBRE EL VALOR DE LA VIVIENDA EN BOGOTÁ
Original languageEnglish (US)
PublisherDevelopment Bank of Latin America
Number of pages31
StatePublished - 2016

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