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 price tax is the point of interest of this coverage concentration record, Assessing the idea and perform of Land worth Taxation. an idea relationship again to Henry George, the land price tax is a variation of the valuables tax that imposes a better tax price on land than on advancements, or taxes merely the land worth. Many different forms of alterations in estate tax coverage, similar to evaluation freezes or boundaries, have bad unintended effects, together with unequal remedy of equally positioned 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 mounted provide, so a rise within the tax expense 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 obvious with a purpose to strive against city sprawl by means of encouraging density and infill development.

Authors Richard F. Dye and Richard W. England learn the adventure of these who've applied the land worth tax -- greater than 30 international locations 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 construction 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 approximately 15 groups at the moment use this kind of tax application, whereas others attempted and rescinded it. Hawaii additionally has adventure with two-rate taxation, and Virginia and Connecticut have approved municipalities to settle on a two-rate estate tax.

The land price tax has been subjected to stories evaluating jurisdictions with and with out it, and to criminal demanding situations. A land price tax additionally increases administrative matters, really within the quarter of estate tax tests. Land price taxation is an enticing substitute to the normal estate tax, specially to even more not easy forms of estate tax measures resembling evaluate obstacles, the authors finish. A land price tax is healthier applied if neighborhood officers use top assessing practices to maintain land and development values brand new; part in twin tax premiums over a number of years; and contain a tax credits characteristic in these groups the place land-rich yet income-poor electorate may be afflicted by land price taxation.

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2009. Land value taxation: Theory, evidence, and practice. Cambridge, MA: Lincoln Institute of Land Policy. England, Richard W. 2007. S. cities. In Land policies and their outcomes. Gregory K. Ingram and Yu-Hung Hong, eds. Cambridge, MA: Lincoln Institute of Land Policy. , and Min Qiang Zhao. 2005. 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.

Working Paper. Cambridge, MA: Lincoln Institute of Land Policy. policy focus report ● Lincoln Institute of Land Policy Lackawanna County. 2008. County Lines 2008. Department of Planning and Economic Development. pdf. ———. 2009. 2009 Lackawanna County millage and 2009–2010 school millage. lackawannacounty. pdf. Lusht, Kenneth. 1992. The site value tax and residential development. Working Paper. Cambridge, MA: Lincoln Institute of Land Policy. , and Charles E. Zech. 1983. An empirical test: The economic effects of land value taxation: Reply.

09-236: An act establishing a land value taxation pilot program. PDF. Vickrey, William. 1999. Simplification, progression, and a level playing field. C. Wenzer, ed. E. Sharpe. * References noted with an asterisk are chapters from the Lincoln Institute book Land value taxation: Theory, evidence, and practice, Dye and England, eds. A bout the A uthors Ordering Information Richard F. Dye is a visiting fellow at the Lincoln Institute. He is professor at the Institute of Government and Public Affairs at the University of Illinois at Chicago and the Ernest A.

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