Methodology · econometrics
Vertical and Horizontal Inequity in Municipal Property Valuation: Evidence from 522,769 Sales Matched to the Assessment Roll
Municipal property taxes are levied on assessed values, so any systematic relationship between assessment ratios and market value redistributes the tax burden within a municipality. This paper matches 522,769 residential sales recorded in Quebec between 2021 and 2026 to the triennial assessment rolls of 625…
This paper examines the relationship between short-term rental (STR) activity and residential rents in Quebec, Canada, using a 2026 cross-section of 3,456 Airbnb listings and 8,303 residential rental listings with precise coordinates. For each rental listing the number of Airbnb listings within 250 m, 500 m, 1 km and…
This paper estimates hedonic price functions for a province-wide cross-section of Airbnb listings in Quebec, Canada, from a scrape of 5,000 listing cards collected in early 2026 (3,456 with a displayed price). The displayed price field is bimodal: about 28% of priced listings, mostly small Montreal rental units, show…
This paper compares econometric and machine-learning approaches to hedonic housing valuation on 788,842 active Zillow listings covering all 50 U.S. states and the District of Columbia, and asks how much of the machine-learning advantage survives when models must price homes in markets they have not seen. A semi-log…
Hedonic regressions estimated at the conditional mean impose a single implicit price for each housing attribute across the price distribution. This paper asks whether the capitalisation of neighbourhood amenities into Quebec residential asking prices varies along the conditional price distribution, and whether it…