Assessing the Theory and Practice of Land Value Taxation
Through an examination of more than 30 countries and several U.S. municipalities that have implemented a land value tax as an alternative to the traditional property tax, this report helps officials create better tax reform packages for their jurisdictions. The report's recommendations include using best assessing practices, adding a tax credit feature in communities where land-rich but income-poor citizens might suffer from land value taxation, and phasing in dual tax rates over several years.
About the Authors
Richard F. Dye was a visiting fellow at the Lincoln Institute of Land Policy. He is is the Ernest A. Johnson Professor of Economics, Emeritus at Lake Forest College in Illinois. His research focused on state and local government finance as it relates to economic development.
Richard W. England was a visiting fellow at the Lincoln Institute of Land Policy. He is professor emeritus of economics at the University of New Hampshire's Whittemore School of Business and Economics.