Financing transportation with land value taxes: Effects on development intensity

Junge, Jason
Levinson, David M
2012
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https://hdl.handle.net/11299/180030
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Financing transportation with land value taxes: Effects on development intensity

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2012

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Abstract

A significant portion of local transportation funding comes from the property tax. The tax is conventionally assessed on both land and buildings, but transportation increases only the value of the land. A more direct, efficient way to fund transportation projects is to tax land at a higher rate than buildings. The lower tax on buildings would allow owners to retain more of the profits of their investment in construction, and have the expected side effect of increased development intensity. A partial equilibrium simulation is created for three sample cities to determine the magnitude of the intensity increase for both residential and nonresidential development if various levels of split rate property taxes were enacted.

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Dr. David M. Levinson

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Nexus Working Papers;000067

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Minnesota Legislature

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http://dx.doi.org/10.5198/jtlu.v5i1.148

Previously Published Citation

Junge, Jason and David Levinson (2012) Financing transportation with land value taxes: Effects on development intensity. Journal of Transport and Land Use 5(1) 49-63.

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Junge, Jason; Levinson, David M. (2012). Financing transportation with land value taxes: Effects on development intensity. Retrieved from the University Digital Conservancy, http://dx.doi.org/10.5198/jtlu.v5i1.148.

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