Re: [carfree_cities] local optimization
- -----Original Message-----
>From: Sean Brooks <seanbrooks@...>Land-value taxation--the Henry George type of thing--encourages building by taxing the values that accrue to property from both private and public improvements to the neighborhood. A vacant lot gets taxed as much as a built one, because it's value is increased by the value of the neighborhood as a whole.
>Sent: Jun 1, 2006 8:15 AM
>Subject: [carfree_cities] local optimization
>I agree wholeheartedly, but would like to point out that *part* of the
>problem is allowing landowners to collect the benefit of public
>infrastructure (transit, schools, public safety, utilites, etc.) in the form
>of increased rents or increased land values. Each of these public
>investments increases the value of land in it's cachement area, and is not
>necessarily recaptured in increased property, income, sales, or other taxes.
> The one tax that does directly capture this increase in value, the
>property tax (assessed against land values) is also, unfortunately, assessed
>against building values - in fact punishing those who would build more.