Urban Planning Development

Assessing the Theory and Practice of Land Value Taxation by Richard F. Dye, Richard W. England

By Richard F. Dye, Richard W. England

The land worth tax is the point of interest of this coverage concentration file, Assessing the idea and perform of Land price Taxation. an idea courting again to Henry George, the land worth tax is a variation of the valuables tax that imposes the next tax expense on land than on advancements, or taxes purely the land worth. Many different forms of adjustments in estate tax coverage, similar to review freezes or boundaries, have bad unintended effects, together with unequal therapy of equally located taxpayers and distortion of monetary incentives. The land price tax can improve either the equity and the potency of estate tax assortment, with few bad results; land is successfully in fastened provide, so a rise within the tax cost on land price will elevate profit with no distorting the incentives for proprietors to take a position in and use their land. A land worth tax has additionally been visible with a purpose to strive against city sprawl through encouraging density and infill development.

Authors Richard F. Dye and Richard W. England study the event of these who've applied the land price tax -- greater than 30 nations worldwide, and within the usa, a number of municipalities relationship again to 1913, while the Pennsylvania legislature approved Pittsburgh and Scranton to tax land values at a better expense than development values. A 1951 statute gave smaller Pennsylvania towns an analogous choice to enact a two-rate estate tax, a version of the land price tax. approximately 15 groups at the moment use this sort of tax software, whereas others attempted and rescinded it. Hawaii additionally has event with two-rate taxation, and Virginia and Connecticut have approved municipalities to decide on a two-rate estate tax.

The land worth tax has been subjected to stories evaluating jurisdictions with and with out it, and to criminal demanding situations. A land worth tax additionally increases administrative matters, really within the region of estate tax checks. Land worth taxation is an enticing replacement to the conventional estate tax, specially to even more complicated varieties of estate tax measures comparable to overview boundaries, the authors finish. A land price tax is healthier carried out if neighborhood officers use top assessing practices to maintain land and development values brand new; section in twin tax charges over a number of years; and contain a tax credits characteristic in these groups the place land-rich yet income-poor voters may perhaps be afflicted by land worth taxation.

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Assessing the distributive impact of a revenue-neutral shift from a uniform property tax to a two-rate property tax with a uniform credit. National Tax Journal 58(2): 247–260. D. 2009. International experience with land value taxation. In Land value taxation: Theory, evidence, and practice, Dye and England, eds. D. and William J. McCluskey. 2008. The feasibility of site value taxation. In Making the property tax work: Experiences in developing and transitional countries. Roy Bahl, Jorge MartinezVasquez, and Joan Youngman, eds.

In Making the property tax work: Experiences in developing and transitional countries. Roy Bahl, Jorge MartinezVasquez, and Joan Youngman, eds. Cambridge, MA: Lincoln Institute of Land Policy. George, Henry. 1962 [1879]. Progress and poverty. New York: Robert Schalkenbach Foundation. German, Jerry. 2009. The new model for tax administration. Online course. edu/ education Haveman, Mark, and Terri A. Sexton. 2008. Property tax assessment limits: Lessons from thirty years of experience. Cambridge, MA: Lincoln Institute of Land Policy.

In Land value taxation: Theory, evidence, and practice, Dye and England, eds. Plassmann, Florenz, and T. Nicolaus Tideman. 2000. A Markov chain Monte Carlo analysis of the effect of two-rate property taxes on construction. Journal of Urban Economics 47(2): 216–247. * Plummer, Elizabeth. 2009. Fairness and distributional issues with land value taxation. In Land value taxation: Theory, evidence, and practice, Dye and England, eds. State of Connecticut. 2009. Public act no. 09-236: An act establishing a land value taxation pilot program.

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