Center for the Study of Economics - Company Message
An imbalanced property tax system can undermine economic development initiatives. When property tax systems encourage capital to be used for optimal speculative gain, as opposed to reinvestment and growth, the loss to both the community and municipality can be devastating.
 
It takes persistence and constancy of purpose to drive meaningful growth and stability
  
Land value taxation (LVT) spurs homegrown sources of growth, and sources of growth from outside the community. LVT is not an additional tax it replaces the current imbalanced and antiquated property tax.
 
LVT is a tool, a practical path, that supports economic development
  • Infill directed - frees lots for buildings
  • Compact - produce more efficient, consolidated units
  • Dense - incentive to build upward
  • Affordable Housing - lower incomes qualify for loan
  • Distinctive Communities - invest in home without tax increase
  • Mixed Use, Walkable - density draws stores, retail, entrepreneurial activity
 
LVT Jurisdictions 2013 millage rates Pennsylvania Department of Community and Economic Development  http://munstatspa.dced.state.pa.us 02/28/2013 [computer file]. Philadelphia PA Center for the Study of Economics 03/01/2013 
 
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