Land value taxation and financing public infrastructure with land value capture
Kaipanen, Anna (2017)
Kaipanen, Anna
2017
Kauppatieteiden tutkinto-ohjelma - Degree Programme in Business Studies
Johtamiskorkeakoulu - Faculty of Management
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Hyväksymispäivämäärä
2017-05-18
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:uta-201705191639
https://urn.fi/URN:NBN:fi:uta-201705191639
Tiivistelmä
The purpose of this thesis is to examine the effects of land value taxation and land value capture methods. Land value capture methods can be divided into three categories which are betterment tax, accessibility increment contribution and joint development.
Theory of land value taxation, discussion about neutrality and challenges with the use of land value taxation are introduced. Value capture methods and their impacts according to prior research are examined. Finally the incidence of both land value taxation in general and land value capture methods is studied. Studies from different parts of the world are introduced and patterns in terms of effectivity are identified.
By comparing models which estimate the incidence of land value taxation the conclusion can be made that introduction of a land value tax have different effects depending on which kind of factors and sectors are included in the model and if they are mobile or immobile.
The factors which influence a value capture mechanism's ability to succeed are found to be increment of accessibility, rate of overall growth in the area, availability of developable land and zoning incentives and constraints.
In the use of land value taxation and land value capture the overall characteristics of the area have a significant impact on the results and they should be considered when making policy decisions.
Theory of land value taxation, discussion about neutrality and challenges with the use of land value taxation are introduced. Value capture methods and their impacts according to prior research are examined. Finally the incidence of both land value taxation in general and land value capture methods is studied. Studies from different parts of the world are introduced and patterns in terms of effectivity are identified.
By comparing models which estimate the incidence of land value taxation the conclusion can be made that introduction of a land value tax have different effects depending on which kind of factors and sectors are included in the model and if they are mobile or immobile.
The factors which influence a value capture mechanism's ability to succeed are found to be increment of accessibility, rate of overall growth in the area, availability of developable land and zoning incentives and constraints.
In the use of land value taxation and land value capture the overall characteristics of the area have a significant impact on the results and they should be considered when making policy decisions.