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PROPTAX
Annual property taxes

Codes

PROPTAX is a 5-digit numeric value.

00000 = None
99997 = Missing

Description

PROPTAX indicates the amount of annual property taxes that paid by the household during the previous calendar year. Amounts are reported in dollars.

PROPTAX, like other tax-related variables included in the ASEC CPS (person level variables ADJGINC, CAPGAIN, CAPLOSS, EITCRED, FEDRETIR, FEDTAX, FICA, FILESTAT, MARGTAX, STATETAX, and TAXINC) was not determined by direct questioning of respondents. Rather, values for these variables come from the Census Bureau's tax model, which simulates individual tax returns to produce estimates of federal, state, and payroll taxes. The model incorporates information from non-CPS sources, such as the Internal Revenue Service's Statistics of Income series, the American Housing Survey, and the State Tax Handbook. For more information about the model, see Current Population Reports, Series P60-186RD. The IPUMS-CPS staff welcomes further information from users about the interpretation of this variable or other tax-related variables in the ASEC CPS.

Amounts for PROPTAX are expressed in dollars of the given year, rather than in constant dollars adjusted for inflation. Users can adjust for inflation using Consumer Price Index adjustment factors.

Comparability

Apart from the effects of inflation, PROPTAX is largely comparable across years.

Universe

  • All households.

Availability

Years Jan Feb ASEC Apr May Jun Jul Aug Sep Oct Nov Dec
1992 – 2018 - - X - - - - - - - - -

Flags

This variable has no flags.

Unharmonized Variables