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Urban Development

Raising land tax rates in Australia appears to have led to a decrease in land speculation. A revenue-neutral swap of New York City's taxes for a 21.7% land value tax is simulated to increase wages by 4% and aggregate output by 91%, while decreasing city land price by 28%, and the poverty rate by 34%. The city of Harrisburg, Pennsylvania, offers a strong example of a successful land value tax. In the period following Harrisburg, PA's land value tax, the number of vacant lots fell by 80%, the tax base rose from $212 million to $1.6 billion, and the crime rate fell 46%. Following a large expansion in Pittsburgh's split-rate tax, their average annual building permit values increased by 70.4%, while 15 other cities had a 14.4% decrease in the same time period. Split-rate tax increases development activity as measured by building permits.
An Introduction to Two-Rate Taxation of Land and Buildings Universal Basic Income and the City Metropolitan Land Values Implementing a Land Value Tax: Considerations on Moving from Theory to Practice Land Value Tax Analysis: Simulating the Tax in Multnomah County A Critical View of Land Value Taxation as a Progressive Strategy for Urban Revitalization, Rational Land Use, and Tax Relief
Cletus C. Coughlin Jeffrey P. Cohen Stijn Van Nieuwerburgh Jack Favilukis Khalil Esmkhani Minchul Shin Gabriel Ehrlich David Albouy
Land Value Tax Basic Income
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