UQO Working Paper No. 10 — The assessment gap in Quebec: vertical and horizontal inequity in municipal property assessment.
1\begin{tabular}{lrccccc}2\toprule3\multicolumn{7}{l}{\itshape Panel A. Province-wide statistics and within-cell elasticities}\\4\midrule5Outlier rule & \makecell{Dropped\\(\%)} & COD & PRD & PRB & $\gamma_{\text{FE}}$ & $\gamma_{\text{IV}}$ \\6\midrule7Baseline (1/99 pct by vintage) & 0.0 & 28.5 & 1.072 & -0.029 & -0.344*** & -0.083*** \\8 & & & & & (0.029) & (0.021) \\93 $\times$ IQR within cell & 6.6 & 18.2 & 1.011 & +0.012 & -0.124*** & -0.027** \\10 & & & & & (0.018) & (0.012) \\111.5 $\times$ IQR within cell (IAAO) & 9.2 & 17.0 & 1.004 & +0.025 & -0.088*** & -0.013 \\12 & & & & & (0.013) & (0.009) \\132.5/97.5 pct within cell & 5.4 & 22.1 & 1.032 & -0.002 & -0.223*** & -0.058*** \\14 & & & & & (0.027) & (0.019) \\155/95 pct within cell & 10.5 & 18.8 & 1.015 & +0.011 & -0.151*** & -0.040** \\16 & & & & & (0.023) & (0.016) \\17\midrule18\multicolumn{7}{l}{\itshape Panel B. Tax shift and municipal compliance}\\19\midrule20Outlier rule & \makecell{Decile 1\\(\%)} & \makecell{Decile 10\\(\%)} & \makecell{Median\\muni.\ COD} & \makecell{COD $>$ 15\\(\%)} & \makecell{PRB $<$ 0\\(\%)} & \makecell{PRB $<-0.05$\\(\%)} \\21\midrule22Baseline (1/99 pct by vintage) & +64.9 & -4.7 & 26.0 & 99 & 99 & 95 \\233 $\times$ IQR within cell & +9.4 & -3.6 & 14.4 & 44 & 83 & 49 \\241.5 $\times$ IQR within cell (IAAO) & +6.6 & -3.2 & 12.5 & 30 & 68 & 24 \\252.5/97.5 pct within cell & +24.5 & -3.6 & 19.3 & 80 & 96 & 85 \\265/95 pct within cell & +13.1 & -2.9 & 15.5 & 55 & 91 & 66 \\27\bottomrule28\end{tabular}