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Changes in Land Policy: How Fundamental are They?

The last 25 years have witnessed a fundamental change in state and local land policy, reflecting a revolutionary change in attitudes towards immigration and growth. Local governments used to compete to attract people, now it seems to exclude them In the battle of boosters versus knockers, the knockers have won going away.
We have had low density policies with us always, but in . . . → Read More: Changes in Land Policy: How Fundamental are They?

The Many Faces of Site-Value Taxation

There is a great interest stirring currently in Canada and elsewhere in tapping for the public revenues more of the economic rent of natural resources and/or the unearned increment of land values. “Economic rent”, not long ago a strange alien wording, has become common currency in Canadian discussion. Ontario has enacted a tax on increments of land value when realized by . . . → Read More: The Many Faces of Site-Value Taxation

Time, Taxes, Turnover and Intensity

A reply to comment by Henry Goldstein and Procter Thomson on my “Tax-induced Slow Turnover of Capital,” published in Western Economic J. WEJ editors returned it for shortening. Meantime Anthony Chisholm replied on my behalf, using some of this material. I have incorporated it into  to be polished . . . → Read More: Time, Taxes, Turnover and Intensity

An Agenda for Strengthening the Property Tax

I have four points: we do not need property tax relief; we do need assessment reform; we do need to shift the property tax in part to the stale level; and we do need to convert the general property tax into a tax on site vaiue.

“An Agenda for Strengthening the Property Tax.” In George Peterson (ed.), Property Tax Reform. . . . → Read More: An Agenda for Strengthening the Property Tax

Tax Reform to Release Land

Taxes on land and buildings are important influences on land use, and are within the control of government. Real estate taxes are a major source of revenue to local governments (LGs) in the United States, as well as being a major cost of owning property. Currently under legal attack in the United States is the local real estate tax as . . . → Read More: Tax Reform to Release Land

Taxation and the Functions of Urban Land Rent

MANY, IF NOT ALL economists now agree that the fisc may tax away rent without impairing any economic function. It is only necessary that the tax be independent of landowner behavior.
What is less widely understood is that not taxing rent obstructs its proper functioning. Untaxed landowners through the centuries have manifested a propensity for passive withdrawal that is simply too . . . → Read More: Taxation and the Functions of Urban Land Rent

The Property Tax is a Progressive Tax

“The regressive property tax” has become a common block phrase among economists and in the popular press. President Nixon’s support for revenue-sharing is increasingly based on the need to protect the poor from heavy property taxes. Some prominent tax economists are favoring even sales taxes to make the tax system more progressive, by lowering the property tax.’ Even local income taxes, . . . → Read More: The Property Tax is a Progressive Tax

What is Property Tax Reform?

CAN PROPERTY TAX REFORM help the propertyless, the working men and women who-labor-for-wage incomes—the majority of Americans? Property is owned by people of property—the rich. Ownership of this rich tax base is concentrated in a few hands, much more so than income. The top 10 per cent of income receivers in the United States receive something like 30 per cent of . . . → Read More: What is Property Tax Reform?

Adequacy of Land as a Tax Base

More economists than not believe that land rent has superior qualities as a tax base. Their failure to push harder for focusing more of the tax burden on land stems partly from a belief that “there is no money in it.” The following journalistic passage reflects this belief: “Authorization of the graded tax would be useless, however, unless the present freeze . . . → Read More: Adequacy of Land as a Tax Base

Property Taxation and the Frequency of Urban Renewal

History has imposed a curious double standard on deliberations of tax alternatives. Most taxes are adopted because they raise revenue. Land taxes are rejected because they are no panacea. If they simply raise revenue without doing much damage they are a great improvement over what we have now. If they offer additional benefits, so much the better, but let us not . . . → Read More: Property Taxation and the Frequency of Urban Renewal