Considerations for land value capture reform in the Greater Amman Municipality
Astrid Haas and
Sebastian Kriticos
LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library
Abstract:
This report discusses several policy options for improving the calculation and collection of specific land value capture instruments. Namely: Land Value Increment Taxes; Betterment Levies; Development Impact Fees and Exactions. The report focuses on the city of Amman, however, several of the policy challenges and solutions that emerge are common to many developing cities. Specifically, the researchers detail potential avenues for reform to improve assessment and calculation, issuance, and collection of land value capture instruments. Improving clarity around different value capture tools used by cities – in terms of who pays, when they pay, and for what reason – is a first step for improved performance. Clarity must then be supported by greater transparency over how charges are calculated as well as clear communication to demonstrate how tax money is effectively used. The researchers detail several incremental steps that could improve land value capture, ultimately helping city governments to raise finances and support urban sustainable growth through targeted public investments.
JEL-codes: E6 J01 R14 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2019-10-28
New Economics Papers: this item is included in nep-mac and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:103072
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