PROPERY TAX DISTORTIONS AND PARTICIPATION IN FEDERAL EASEMENT PROGRAMS: AN EXPLORATORY ANALYSIS OF THE WETLANDS RESERVE PROGRAM

Gregory Poe

Agricultural and Resource Economics Review, 1998, vol. 27, issue 01, 8

Abstract: Higher property taxes and uncertainty about post-easement tax levels may create a disincentive for landowners to participate in federal easement programs such as the Wetlands Reserve Program, and thus may distort participation levels in a manner inconsistent with the environmental benefits associated with individual parcels. Support for this hypothesis is provided in an exploratory analysis of state level participation in the Wetlands Reserve Program. If such distortions prove to be policy relevant, then either they should be accounted for in the bid acceptance process of future federal easement programs, or individual states and localities should correct property tax differentials and post-easement tax uncertainty.

Keywords: Resource/Energy; Economics; and; Policy (search for similar items in EconPapers)
Date: 1998
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Citations: View citations in EconPapers (5)

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Journal Article: Property Tax Distortions and Participation in Federal Easement Programs: An Exploratory Analysis of the Wetlands Reserve Program (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:arerjl:31501

DOI: 10.22004/ag.econ.31501

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