Crain's Magazine Crain's magazine gets Georgist, aka Tax Increment Financing to complete the 2nd Avenue Subway. A Crain's analysis finds that apartments near the Second Avenue subway appreciated by a third. Capturing tax proceeds from such gains could help fund the...
Your state can gain these 2 advantages by taxing land assessments more and what is produced (like buildings) less. Find out the various ways to do this. It would be completely revenue-neutral since an economically beneficial tax would be reducing economically harmful taxes.
What is “land value capture”? How does it work? And why have so many communities across the world applied this financial approach? This video explains land value capture and provides examples from within the “toolbox” of instruments available to governments. It shows how communities have used land value capture to promote social equity and finance affordable housing, infrastructure, and other public goods.
For several years property tax reformers have been calling for a land value tax (LVT) to counteract rapidly rising home prices. A property tax system that raises the tax rate on land and lowers the rate on structures dampens the upward pressure on lot prices, encourages owners of high value sites to put idle land into productive use, and to build more intensively.