Journal of Property Tax Assessment & Administration


In the fields of urban public finance and international development, the concept of land value capture (LVC) has become a standard argument for implementing or reforming taxes based on land. Often the value of privately held land increases as a result of public investments in infrastructure, publicly approved changes in land use, or broader changes in the community such as population growth. Proponents of LVC argue that governments should use taxes and fees to collect some share of this increase in value for public purposes, including funding infrastructure and service improvements. Country-specific cases are considered in an effort to identify which policy goals are being pursued in practice and to assess the practical potential of LVC. This review draws on current literature that describes in some detail specific attempts to pursue LVC as well as broader literature that assesses one or more of the specific requirements for LVC to have practical relevance.

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Valuation of land


This paper was originally presented at the World Bank land conference held April 23-26, 2012, in Washington, D.C.