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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

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

A Tax Tool for Meeting Urban Fiscal Crisis

MOST OF OUR CENTRAL CITIES, as is now well known, are threatened by a vicious circle which is related to property taxation.
As buildings become older, they tend to become fiscal deficits requiring more in cost than they return in taxes. As the central cities age, the buildings become old and fiscal-deficit generators. This requires the central city to increase its . . . → Read More: A Tax Tool for Meeting Urban Fiscal Crisis

Policies and Practices Affecting Urban Land Costs as an Element of Housing Costs

Land is a major cost element of urban housing. Site values of improved urban lots are about 20 percent of the total value of new single unit dwellings. However, this ratio varies significantly between neighborhoods and regional areas in the United States. For example, for the third quarter, 1967, FHA data for proposed one-family homes to be financed under Section . . . → Read More: Policies and Practices Affecting Urban Land Costs as an Element of Housing Costs

Mason Gaffney’s Testimony to the President’s Commission on Urban Problems

The higher tax rate in cities drives investors elsewhere, both home builders and industry, because whoever puts un a new building under this state of affairs tends to become a fiscal surplus generator, and no one really wants to be that: it means you pay more in taxes than you get back in services.
Since there are many competing jurisdictions, . . . → Read More: Mason Gaffney’s Testimony to the President’s Commission on Urban Problems