Topic: Valuation

Requests for Proposals

Research on Methods to Estimate Land Value Increments from Public Actions

Submission Deadline: January 29, 2024 at 11:59 PM

The submission deadline has been extended from January 22, 2024 to January 29, 2024. 

The Lincoln Institute seeks research proposals on approaches the public sector uses to quantify the value it adds to private land through its actions—a critical step toward recovering at least part of that added value to reinvest in projects or services that benefit communities. Estimating the land value increments government actions trigger is still an area of land-based financing that merits greater understanding. For instance, adequately implementing public financing tools like special assessments or betterment contributions requires technical studies to assess the value increases that investments in infrastructure produce in adjacent or nearby private land; measuring those value increases allows contributions to be properly allocated among property owners who benefit from such public investments. Similarly, when an urban district is rezoned to allow for more productive land uses or denser development, localities may estimate charges or fees for the right to build according to the newly established land use or density allowance.

We are interested in methods, techniques, and practical approaches across geographies, and in a diversity of institutional settings, to value land appreciation due to public actions—including investments in roads, railways, bridges, water supply, sewers, electrical grids, transit systems, blue-green infrastructure, telecommunications, and so forth, as well as to value added by changes in land use regulations or upzoning.


Details

Submission Deadline
January 29, 2024 at 11:59 PM

Keywords

Assessment, Development, Infrastructure, Land Use Planning, Land Value, Public Finance, Urban Development, Valuation, Value Capture, Zoning

2023 National Conference of State Tax Judges

September 21, 2023 - September 23, 2023

Phoenix, AZ United States

Offered in English

The National Conference of State Tax Judges meets annually to review recent state tax decisions, consider methods of dealing with complex tax and valuation disputes, and share experiences in case management. This meeting provides an opportunity for judges to hear and question academic experts in law, valuation, finance, and economics, and to exchange views on current legal issues facing tax courts in different states. This year’s program includes sessions on the top 10 things to look for in an appraisal, judicial perspectives on statutory construction, ensuring access to justice for self-represented litigants in a neutral tribunal, and distinguishing real and personal property. 


Details

Date
September 21, 2023 - September 23, 2023
Location
Lincoln Institute of Land Policy
11010 N. Tatum Boulevard, Suite D-101​
Phoenix, AZ United States
Language
English

Keywords

Dispute Resolution, Land Law, Legal Issues, Local Government, Public Policy, Taxation, Valuation

Course

Conservation Easements: Legal Principles, Valuation, and Applications

Self-Paced

Online

Offered in English


Conservation easements play an important role in protecting natural landscapes and sensitive habitats, and in promoting sustainable land use practices. In this course, students will explore the principles, applications, controversies, and implications of this land policy instrument.

The course begins with an introduction and overview of conservation easements, setting the stage to explore their uses in land policy. Throughout the modules, students will also review the legal principles, valuation methods, and federal tax provisions associated with conservation easements, while gaining insights from real-world examples and exploring strategies to address controversial aspects of this tool.

 

Modules

Module 1: Introduction and Overview

Module 2: Conservation Easements as an Instrument of Land Policy

Module 3: Why Are Conservation Easements Important? A Cape Cod, MA, Example

Module 4: Legal Principles of Property Taxation and Conservation Easements, Part I

Module 5: Legal Principles of Property Taxation and Conservation Easements, Part II

Module 6: The Appraisal of Conservation Easements

Module 7: Considerations for Valuing Restricted Land

Module 8: Valuing Land Affected by Conservation Easements: Guidance from Federal Law and Regulations, Part I

Module 9: Valuing Land Affected by Conservation Easements: Guidance from Federal Law and Regulations, Part II

Audience

Policymakers, professionals working in the field of environmental protection, planners, appraisers and valuation experts, lawyers and legal professionals specialized in land use and property law, and property owners interested in learning more about conservation easements.

Learning Goals

After finishing this course, students will be able to:

  • Explain what conservation easements are and their purpose
  • Explain the uses of conservation easements as a land policy instrument
  • Identify different types of easements
  • Identify controversial aspects of conservation easements and propose ways to mitigate them
  • Discuss the effects of conservation easements on property values
  • Identify the federal tax provisions that address conservation easements

Details

Location
Online
Language
English
Registration Fee
Free
Educational Credit Type
Lincoln Institute certificate

Register


Keywords

Appraisal, Conservation, Conservation Easements, Easements, Environmental Planning, Land Use, Land Value, Natural Resources, Open Space, Planning, Sustainable Development

Lincoln Institute Sessions at the 2023 IAAO Annual Conference

August 29, 2023 - August 30, 2023

Salt Lake City, UT United States

Offered in English

The annual conference of the International Association of Assessing Officers (IAAO) offers state and local assessing officials the opportunity to hear varied perspectives on property tax issues from practitioners and valuation experts. This year, the Lincoln Institute will present two sessions on current issues in property tax policy and administration: 

Truth in Taxation – An Alternative to Assessment and Levy Caps 
Tuesday, August 29, 9:30 to 10:30 a.m. 

Utah adopted Truth in Taxation to avoid “silent” tax increases that occur when property values rise and tax rates remain constant. This session will highlight how Truth in Taxation provides a policy alternative to assessment and levy caps, which can undermine equity in property taxation. 

Demonstration of the Lincoln Institute Vertical Equity App
Wednesday, August 30, 1:00–2:30 p.m. 

This session will demonstrate a new app developed by the Lincoln Institute of Land Policy and the Center for Appraisal Research and Technology that calculates several measures of vertical equity for assessments and provides a narrative report to assist the user in their interpretation. 


Details

Date
August 29, 2023 - August 30, 2023
Time
9:30 a.m. - 2:30 p.m.
Location
Salt Palace Convention Center
100 S W Temple Street
Salt Lake City, UT United States
Language
English

Keywords

Assessment, Economic Development, Land Value, Land-Based Tax, Legal Issues, Local Government, Municipal Fiscal Health, Property Taxation, Public Finance, Taxation, Valuation, Value-Based Taxes

Events

2023 Urban Economics and Public Finance Conference

May 18, 2023 - May 19, 2023

Cambridge, MA United States

Free, offered in English

The economic growth and development of urban areas are closely linked to the fiscal conditions of these places. This research seminar offers a forum for new academic work on the interaction of these two areas. It provides an opportunity for specialists in each area to become better acquainted with recent developments and to explore their potential implications for synergy.


Details

Date
May 18, 2023 - May 19, 2023
Time
8:30 a.m. - 1:00 p.m.
Location
Lincoln Institute of Land Policy
113 Brattle Street
Cambridge, MA United States
Language
English
Registration Fee
Free
Cost
Free

Keywords

Economic Development, Economics, Housing, Inequality, Land Use, Land Use Planning, Land Value, Land Value Taxation, Local Government, Property Taxation, Public Finance, Spatial Order, Taxation, Urban, Valuation, Value-Based Taxes

Requests for Proposals

Research on Land-Based Financing Approaches for Climate Action

Submission Deadline: March 23, 2023 at 11:59 PM

The Lincoln Institute of Land Policy invites proposals for original research that examines opportunities for, and challenges with, implementing land-based financing (LBF) instruments, including land value capture, to promote and fund climate adaptation, mitigation, or resiliency measures, with a focus on equity, urban form, and nature-based solutions. The research should help inform practitioners, policy makers, and decision makers.   

The geographic focus of this RFP is global. Proposals will be reviewed competitively according to the weighted evaluation criteria indicated below. Outputs are expected to result in working papers appropriate for publication. 

Research Themes 

The following issues and themes are of interest to the Lincoln Institute, but the list is not exhaustive, and applicants may submit a proposal that addresses other topics or issues. However, the proposal must consider LBF as a tool for climate action by addressing the following: 

  • The necessary enabling conditions for the use of LBF for climate action, including but not limited to, market conditions, public perception of risk, and the pricing of climate risk in land markets 
  • The legal, regulatory, and institutional considerations for using LBF for climate action, including informal or nontraditional forms 
  • The types of climate action, including infrastructure investments and regulatory action, that have the greatest potential for the application of LBF 
  • Temporal considerations for LBF for climate action (e.g., charges for long-term benefits of climate action or the timeframe for realizing land value increments). 
  • Innovative uses of LBF for climate action 
  • The potential nonrevenue-related benefits of LBF for climate action, such as equity 
  • Unintended outcomes (positive or negative) of the approaches, with an emphasis on equity 

Proposals 

Proposals must be submitted online via the web-based application form and must follow the complete RFP guidelines. Proposals submitted by email or mail will not be accepted. Incomplete proposals, proposals received after the due date, or proposals that do not adhere to the format defined in the guidelines will not be accepted.   

Proposals must be submitted in English. The final work produced pursuant to the RFP (if selected for an award) must be in English. 

Evaluation Criteria 

The Lincoln Institute will evaluate proposals based on the following criteria: 

  • The project’s relevance to the RFP’s theme of land-based finance tools for climate action: 35 percent 
  • Rigor of proposed methodology: 25 percent 
  • Potential impact and usefulness of the research for practitioners: 25 percent 
  • Capacity and expertise of the team and relevant analytical and/or practice-based experience: 15 percent 

Details

Submission Deadline
March 23, 2023 at 11:59 PM

Keywords

Adaptation, Climate Mitigation, Environment, Growth Management, Infrastructure, Land Speculation, Land Use, Land Use Planning, Land Value, Land Value Taxation, Land-Based Tax, Local Government, Municipal Fiscal Health, Planning, Property Taxation, Public Finance, Public Policy, Regulatory Regimes, Resilience, Taxation, Transportation, Urban, Urban Development, Valuation, Value Capture, Value-Based Taxes, Zoning