Department of Valuation and Taxation
The Department of Valuation and Taxation undertakes research, teaching and data-gathering on land-related tax issues to inform public decision-making. We bring together scholars interested in the practical applications of their research and public officials seeking to benefit from a wider perspective on the policy issues they face. Our research, publications, educational programs, Web-based instructional courses, conferences, and seminars address three major land-related tax issues:
- Taxation of land – The taxation of land value offers a means of raising revenue without impeding economic growth. It is an innovative tax instrument that has attracted longstanding scholarly interest. We explore the effects of land value taxation and the practical, administrative, and political issues raised by its implementation.
- Property taxation is the most important current instrument for the taxation of land value. Our work investigates the impact of the property tax on individuals, businesses, and local governments that use it to finance public services. Our research also supplies basic data on domestic and international property tax practices.
- The valuation process determines the tax base and the practical impact of property taxes. We address appraisal questions, the interpretation of tax law, and technological advances in mass valuation. Questions of property law are also important to valuation, especially when rights to tangible and intangible elements of property have been divided in complex ways.