부동산 보유세의 역진성과 전세가 귀착효과

Abstract

This paper conducted empirical analyses in order to explore the incidence effect of real estate tax on the Jeonse costs and the regression of the property tax. Recently, various discussions have been made over the reformulation of property tax, but the discourse on how much the tax is economically burdened to homeowners and whether the increase in the tax will be passed onto tenants has not been properly investigated. The purpose of this study is two fold. First, we analyzed the real estate tax burden by income class using the Public Finance Panel Survey data. Finally, we explored the possibility of the incidence of real estate tax on the Jeonse tenants by employing a simple quasi-experimental design. We found the Jeonse prices for the apartments, which are subject to the comprehensive real estate tax, are not higher than those for the apartments, which are not subject to the comprehensive tax. This indicates that (1) there is no evidence on the incidence of the tax on the Jeonse tenants, and (2) the amount of tax levied is not enough to trigger the incidence. We expect that the pattern of the incidence would turn to the different direction if the tax rates rise.