Retooling Property Taxes - Walter Rybeck for ICMA
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A succinct and convincing analysis of why the property tax has contradictory impacts on community revitalization efforts. For three decades of efforts to improve neighborhoods the organizations I worked with were constantly battling land speculators for access to land parcels at affordable prices. Ideally, cities and towns ought to eliminate the tax on buildings altogether, requiring landowners to pay something close to the full annual rental value of land.
nthperson 6 months ago
Great video. Hit all the prime points that Land Value Taxation and untaxing buildings can do:
1. Clears up vacant dowtown sites
2. Stop sprawl into the suburbs.
3. Promotes rapid-transit
4. Funds rapid-transit
5. Enables affordable housing
6. Curbs speculation
7.
NearAbbeyRoad 11 months ago