PLG 710 Lecture Notes - Lecture 12: Tax Increment Financing, Land Values, Public Land
1 Dec 2018
School
Department
Course
Professor
Document Summary
Current issues: land value capture, dc"s, section 37, tax increment financing (tif, land leasing. Theory underling unearned increments identified by neoclassical economist david. Legislation regulating urban areas is undertaken at the sub national levels of government. Transfer earnings what"s recorded to keep the land at its current use. Capture back the increase in land as a result of the market or public investments (concept of. Creation: supply, enhancing the public realm. Increasing population and incomes increasing population and incomes. Capture: by either the public or private sector, public sector capture requires the uses of tools. Example: henry george single tax movement site value taxation. England: long history for tax on gains in land values, london county council act 1895 permits improvement charges in betterment areas. Colombia: contribution de valorizacion, a betterment levy that has been collected since. 1921: bogota currently has about 1 billion of public works based on this levy.
