Site Value Taxation in a Declining City

Paul S. Kochanowski

American Journal of Economics and Sociology, 1991, vol. 50, issue 1, 45-58

Abstract: Abstract. The relationship is analyzed between the economic decline of a central city and the likelihood that a site value tax will be politically acceptable. Public choice and land use models are combined to generate a scenario of land use changes and changes in improvements to land ratios which determine whether a specific property owner will gain or lose from a revenue‐neutral site value tax. A case study is presented which substantiates many of the effects suggested by the model. In general, private and public sector responses to a city's decline result in an atmosphere that is relatively hostile to site value taxation.

Date: 1991
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https://doi.org/10.1111/j.1536-7150.1991.tb02485.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:ajecsc:v:50:y:1991:i:1:p:45-58

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