• World News
  • Politics
  • Stock
  • Investing
  • Editor’s Pick
Time And Sales Reporter
Editor's PickInvesting

New Cato Paper: Immigrants Generated $3.3 Trillion in Property Tax Revenue Since 1994

by April 15, 2025
April 15, 2025

David J. Bier

housing

Today Cato published my new briefing paper coauthored with Mike Howard and Jacob Vigdor on how immigration has affected housing wealth and property tax revenue in the United States since 1994. My main purpose for the paper was to show how considering the indirect effects of immigration on home values can affect the fiscal effects of immigration at the state and local levels.

The fiscal effect literature is in broad agreement about the positive fiscal effects of immigration for federal budgets, but there is more controversy about state and local effects, depending on whether the second generation is included. Our paper shows that immigrants generated $2.2 trillion in property taxes, either through directly owning or renting property, from 1994 to 2023.

But immigrants have also created or preserved $5.7 trillion in housing wealth for American households. Once we account for this effect, the property tax revenue attributed to immigrants increases about 50 percent—to $3.3 trillion over 30 years. In 2023, the total was nearly $143 billion in property tax revenue attributable to immigrants.

You can read the entire paper here.

previous post
“Where the Writ of the Courts Does Not Run”
next post
The US Food Trade Deficit Is Nothing to Fear

Related Posts

Target is eliminating 1,800 corporate jobs as it...

October 25, 2025

X-ray tables, hidden cameras: The tech in rigged...

October 25, 2025

Shaakichiuwaanaan Project Set to Become Second Largest Lithium...

October 25, 2025

Editor’s Picks: Gold Price Recovers from Biggest One-Day...

October 25, 2025

Ed Steer: Silver Rally Now Unstoppable, Price to...

October 25, 2025

Tech Weekly: Cloud Providers, Tech Stocks Outperform as...

October 25, 2025







    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.




    Recent Posts

    • Cuomo rips Mamdani’s victim narrative, says Dem socialist is ‘offender’ against 9/11 families, Jews and more

      October 26, 2025
    • Trump says he won’t waste time meeting Putin unless Ukraine deal is likely to happen soon

      October 26, 2025
    • Trump ally who donated $130 million to pay troops amid shutdown revealed as reclusive billionaire heir: report

      October 26, 2025
    • Trump gives Hamas 48 hours to return all deceased Gaza hostages, or ‘other countries will take action’

      October 26, 2025
    • Rubio reveals shared intelligence prevented possible Hamas attack, discusses international stabilization force

      October 26, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 timeandsalesreporter.com | All Rights Reserved

    Time And Sales Reporter
    • World News
    • Politics
    • Stock
    • Investing
    • Editor’s Pick

    Read alsox

    CDX May Investor Presentation

    May 30, 2025

    Pan American to Buy MAG Silver in US$2.1...

    May 13, 2025

    Lahontan Announces Upsize to Private Placement of Units

    April 23, 2025