Hostname: page-component-848d4c4894-jbqgn Total loading time: 0 Render date: 2024-06-22T01:39:21.180Z Has data issue: false hasContentIssue false
  • English
  • Français

Land Development and Current Use Assessment: A Theoretical Note

Published online by Cambridge University Press:  15 September 2016

Richard W. England  and
Robert D. Mohr
Richard W. England
Affiliation:
Department of Economics, University of New Hampshire
Robert D. Mohr
Affiliation:
Department of Economics, University of New Hampshire
Get access

Abstract

This paper jointly models a landowner's decision to develop a parcel and the option to enroll that parcel in a current use assessment program. The analytical results highlight different factors that influence the effectiveness of a current use program in delaying development. The results also underscore the difficulty a local government might have in influencing the behavior of the landowner. Except for altering eligibility rules, a local government employing current use assessment has but two policy tools: a penalty for development and the property tax rate.

Keywords

current use assessmentdevelopment penaltiesland-use changepecuniary and nonpecuniary benefitsproperty taxationuse value
Type
Contributed Papers
Information
Agricultural and Resource Economics Review , Volume 32 , Issue 1 , April 2003 , pp. 46 - 52
Copyright
Copyright © 2003 Northeastern Agricultural and Resource Economics Association 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Anderson, J. E. (1993). “Use-Value Property Tax Assessment: Effects on Land Development.” Land Economics 69(3), 263–269.CrossRefGoogle Scholar
Brueckner, J. K. (2001). “Property Taxation and Urban Sprawl.” In Oates, W. E. (ed.), Property Taxation and Local Government Finance (pp. 153–172). Cambridge, MA: Lincoln Institute of Land Policy.Google Scholar
Capozza, D. R., and Helsley, R. W. (1989). “The Fundamentals of Land Prices and Urban Growth.” Journal of Urban Economics 26(2), 295–306.CrossRefGoogle Scholar
Morris, A. C. (1998). “Property Tax Treatment of Farmland: Does Tax Relief Delay Land Development?” In Ladd, H. F. (ed.), Local Government Tax and Land Use Policies in the United States (pp. 144–167). Cheltenham, UK: Edward Elgar.CrossRefGoogle Scholar
Skjaerlund, D., and Sinischo, A. (1998). “Use Value Farmland Assessment: A Comparison Study of 50 States.” Planning and Zoning News 16(12), 5–12.Google Scholar