An Empirical Study on the Effects of Property Taxes and Local Public Spending on Chongqing's Residential Property Values——Based on Tiebout-Oates Model Multi-group Type Key City Real Diagnosis Examination

On the basis of Tiebout's theory about public goods optimal provision and achieve conditions,we have test Tiebout's hypothesis on the basis of Chongqing district by operationing an empirical model,and put some corresponding policies.This paper finds that in Chongqing,although it has a significant different conclusion from USA owing to the difference of urban structure,and we have take into account the impact of these differentia.We have draw a similar conclusion compare to Oates' theory.Thus we prove the validity of Tiebout's theory.Our results indicated that property taxes did affect the value of owner occupied housing and thus imply that appreciable tax capitalization does occur in Chongqing;and the quality of regional public servings have affect residential property values,that is,the trends of capitalization of local public expenditures are apparent.