Excerpt from the executive summary:
The purpose of this study is to inform on the current state of knowledge of the economics profession of the impacts of state and local taxes on property values. Our goal is also to suggest how to interpret some of the findings of this literature as well as to provide some conceptual background to assist in interpreting these findings.
Hoyt, William and Garen, John, "Fiscal Policy and Property Values" (2005). CBER Research Report. Paper 10.