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Author: Louis Kohl Brandt
Publisher:
ISBN:
Category : Real property tax
Languages : en
Pages : 588
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Author: Louis Kohl Brandt
Publisher:
ISBN:
Category : Real property tax
Languages : en
Pages : 588
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Book Description
Author: Richard F. Dye
Publisher: Lincoln Inst of Land Policy
ISBN: 9781558442047
Category : Political Science
Languages : en
Pages : 32
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Book Description
The land value tax is the focus of this Policy Focus Report, Assessing the Theory and Practice of Land Value Taxation. A concept dating back to Henry George, the land value tax is a variant of the property tax that imposes a higher tax rate on land than on improvements, or taxes only the land value. Many other types of changes in property tax policy, such as assessment freezes or limitations, have undesirable side effects, including unequal treatment of similarly situated taxpayers and distortion of economic incentives. The land value tax can enhance both the fairness and the efficiency of property tax collection, with few undesirable effects; land is effectively in fixed supply, so an increase in the tax rate on land value will raise revenue without distorting the incentives for owners to invest in and use their land. A land value tax has also been seen as a way to combat urban sprawl by encouraging density and infill development. Authors Richard F. Dye and Richard W. England examine the experience of those who have implemented the land value tax -- more than 30 countries around the world, and in the United States, several municipalities dating back to 1913, when the Pennsylvania legislature permitted Pittsburgh and Scranton to tax land values at a higher rate than building values. A 1951 statute gave smaller Pennsylvania cities the same option to enact a two-rate property tax, a variation of the land value tax. About 15 communities currently use this type of tax program, while others tried and rescinded it. Hawaii also has experience with two-rate taxation, and Virginia and Connecticut have authorized municipalities to choose a two-rate property tax. The land value tax has been subjected to studies comparing jurisdictions with and without it, and to legal challenges. A land value tax also raises administrative issues, particularly in the area of property tax assessments. Land value taxation is an attractive alternative to the traditional property tax, especially to much more problematic types of property tax measures such as assessment limitations, the authors conclude. A land value tax is best implemented if local officials use best assessing practices to keep land and improvement values up to date; phase in dual tax rates over several years; and include a tax credit feature in those communities where land-rich but income-poor citizens might suffer from land value taxation.
Author: Edwin Robert Anderson Seligman
Publisher:
ISBN:
Category : Taxation
Languages : en
Pages : 454
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Author: Edwin Robert Anderson Seligman
Publisher: Theclassics.Us
ISBN: 9781230453835
Category :
Languages : en
Pages : 126
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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1910 edition. Excerpt: ... CHAPTER III Taxes On Urban Real Estate In the case of city real estate it is necessary to make a distinction between the two components of the real estate tax, the ground tax and the building or house tax--the tax on the site and the tax on the structure; for they are governed by distinct principles. Strictly speaking, we should have drawn the same distinction in the case of the agricultural landowner. But in that case the distinction is unimportant, because--in America at all events--the tenant is, in almost all cases, the owner and because the value of the farmer's buildings is generally of minor importance when compared with the value of his land. So far as this is not true, however, the principles now to be discussed apply there also. In American cities, where the occupiers of houses are frequently not the owners, the real estate tax is levied on the owners of property; and the question of ultimate incidence concerns only the landlord and the tenant. In England, where local rates are levied as a general rule on the occupiers,1 rather than the owners, and are proportional not to capital value but to rental value, the question is more complicated because of the peculiar divisions of ownership. 1 The local rates in England are, theoretically, assessed on the occupier. Even for a long period before the Elizabethan poor law (43 Eliz., chap, ii.), which is the basis of all English local taxation, it was the occupier, and not the owner, on whom fell the duty of relieving the poor. Cf. in general the history of local assessments in Castle, On Rating, chap. 1, and a volume published by the Poor Law Commissioners in 1846, entitled The Local Taxes of the United Kingdom. However, under the Small Tenements Act of 1869 (32 and 33 Vict. chap. 41, ...
Author: Robert Kuttner
Publisher:
ISBN:
Category : Property tax
Languages : en
Pages : 70
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Author: Richard F. Dye
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 252
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Book Description
"Provides historical, economic, political and legal perspectives for understanding the many issues surrounding land taxation." - cover.
Author: Mr.Tigran Poghosyan
Publisher: International Monetary Fund
ISBN: 1475557086
Category : Business & Economics
Languages : en
Pages : 26
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Book Description
We use a novel dataset on effective property tax rates in U.S. states and metropolitan statistical areas (MSAs) over the 2005–2014 period to analyze the relationship between property tax rates and house price volatility. We find that property tax rates have a negative impact on house price volatility. The impact is causal, with increases in property tax rates leading to a reduction in house price volatility. The results are robust to different measures of house price volatility, estimation methodologies, and additional controls for housing demand and supply. The outcomes of the analysis have important policy implications and suggest that property taxation could be used as an important tool to dampen house price volatility.
Author: Mr.John Norregaard
Publisher: International Monetary Fund
ISBN: 1484395220
Category : Business & Economics
Languages : en
Pages : 43
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Book Description
The tax on immovable property has been characterized as probably the most unpopular among tax instruments, in part because it is salient and hard to avoid. But economists continue to emphasize the virtues of the property tax owing to its relatively low efficieny costs, benign impact on growth, and high score on fairness. It is, therefore, generally considered to be underutilized in most countries. This paper takes stock of the arguments for using real property taxation, and presents an updated data-set for high-and middle income countries to illustrate its use. It also reflects the renewed and widespread interest in property tax reform globally, and discusses the many policy and administrative issues that must be carefully considered as prerequisites for successful property tax reform.
Author: Herbert Downs Simpson
Publisher:
ISBN:
Category : Impuestos sobre bienes inmuebles
Languages : en
Pages : 72
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Author: United States. Internal Revenue Service
Publisher:
ISBN:
Category :
Languages : en
Pages : 12
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