The Impact of Taxation and Valuation Practices on the Timing and Efficiency of Land Use

@article{Bentick1979TheIO,
  title={The Impact of Taxation and Valuation Practices on the Timing and Efficiency of Land Use},
  author={Brian L. Bentick},
  journal={Journal of Political Economy},
  year={1979},
  volume={87},
  pages={859 - 868}
}
  • B. Bentick
  • Published 1 August 1979
  • Economics
  • Journal of Political Economy
It is generally assumed that a tax on land ownership is always neutral toward resource allocation. Where land rentals change over time it is shown that the tax is neutral only where the tax base is current income as distinct from current market value. Taxes based on current market value are shown to favor investment projects with a short gestation period and to involve significant resource costs. These costs are considerably reduced if property appraisers, in assessing current market value… 

LAND TAXES, INCOME TAXES, AND LAND USE

FEW as widely principles held as in the economics notion that have a been land as widely held as the notion tha a land tax, falling as it does on a factor in fixed supply, has no effect on resource

Implications of a Land Value Tax with Error in Assessed Values

Land value taxation has numerous potential advantages compared to conventional property taxes on capital and land. The models that establish these advantages, however, are grounded in the unlikely

Economic Effects of Taxes on Land

Abstract. Land taxes may not be neutral in their economic impacts due to liquidity effects. Liquidity effects of land taxes may be in the form of holding cost effects or capitalization effects.

MORE ON THE NEUTRALITY OF LAND TAXATION

The recent conclusions about the nonneutrality of land value taxation are shown not to invalidate the neutrality result for per unit land taxation (or even use-independent land value taxation, as in

The Consequence of Taxing Land Value

The literature examining the link between the intensity of urban land use and methods of localfinance is examined. The widely held notion that the switch from a general property tax to a land value

The incidence of a tax on pure rent in a small open economy

Prospects for Agricultural Land Taxation in Developing Countries

Countries that collect tax revenue from the agricultural sector through export taxes, marketing boards, and overvalued domestic currencies are often loath to abandon these distorting policies because

The Effects of Land Value Taxation in a Computable General Equilibrium Model *

The paper reports on the application to land taxation, of the RELU-TRAN model, a spatially detailed general equilibrium model of a regional economy that treats labor and building markets, production

The Economic Effects (Neutrality) of Taxes on Land: They Depend Neither on Non Pecuniary Returns nor on Capital Market Imperfections

In a recent issue of this journal, Steven C. Bourassa (1992) reviewed the effects on land use of land taxation. His analysis sensibly focused on the "holding cost" and "capitalization" effects of

The Investment Incentive Effects of Land Use Regulations

This paper provides an overview and synthesis of the results from recent studies of how different types of land use regulations affect land development incentives. The presentation is nontechnical
...

References

SHOWING 1-10 OF 10 REFERENCES

AN ECONOMIC ANALYSIS OF THE CASE AGAINST "AD VALOREM" PROPERTY TAXATION IN FORESTRY: REPLY

UNDER timber competitive represents the conditions highest where and i er represen s the high s and best use of land, one would not expect timber stands to be harvested before the financially optimal

Land Taxes and Idle Land: A Case Study of Houston

much of the literature dealing with the economics of urban sprawl.' Whether property taxation can be expected theoretically to fill this need is shown to depend on the ability of landowners to

The Surprising Incidence of a Tax on Pure Rent: A New Answer to an Old Question

The classic example of an unshiftable tax is the general tax on pure rental income. Since Ricardo, economists have believed that the annual net rental income of unimproved land falls by the amount of

The Effects of Property Taxes and Local Public Spending on Property Values: An Empirical Study of Tax Capitalization and the Tiebout Hypothesis

  • W. Oates
  • Economics
    Journal of Political Economy
  • 1969
The purpose of this paper is to present some empirical findings on a problem for which we presently possess only the scantest of evidence: the effects of local public budgets on property values in

" Highest and Best Use - Fact or Fancy ? "

  • Appraisalj

" Highest and Best Use . "

  • Appraisal J .

" The Impact of ad Valorem Assessment on the Preservation of Open Space and the Pattern of Urban Growth

  • Property Tax Incentives for Preservation : Use Value Assessment and the Preservation of Farmland , Open Space , and Historic Sites . Proceedings of the 1975 Property Tax Forum
  • 1975