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- Title
Some Theoretical Aspects of Building Value Tax Burdens on Landowners.
- Authors
Thorndike Jr., Samuel L.
- Abstract
The future of the property tax is of broad concern. This historically important tax is under scrutiny both as a source of additional local government revenue and as a factor resulting in less than optimal regional development. Some problems besetting central city government are: an erosion of the tax base as the affluent migrate to the suburbs, an increase in fiscal responsibilities as the less affluent fill the vacuum and little change in the central city's role as a romping ground - with all attendant costs - for the population of the entire region. The analysis here is concerned with the distributive effect of switching to site value taxation and with the question of whether site values provide an adequate tax base. One wonders how badly off landlords are as a consequence of decreasing building value taxes and increasing site value taxes so as to maintain a given flow of tax revenue from real estate. The question is whether taxes on improvement value become shifted to site owners or to tenants.
- Subjects
LAND value taxation; PROPERTY tax; LANDOWNERS; TAXATION; LOCAL government; REAL property tax; COMMUNITY development; ELASTICITY (Economics); LANDLORDS; INTERNAL revenue
- Publication
Land Economics, 1970, Vol 46, Issue 1, p59
- ISSN
0023-7639
- Publication type
Article
- DOI
10.2307/3145424