Altoona, PA: City tax wholly on land values = normality
Center for the Study of Economics - Company Message
RSS Follow Become a Fan

Delivered by FeedBurner


Recent Posts

Welcome to the Zany World of NYC's Property Tax
Land Value Taxation in Jamaica: Now More Than Ever
Part 1, Land Value Taxation: Politics, Persuasion, and Practicality - A How-To
2016: Another Year of Advances and Retrenchment
Part 2 - Land Value Taxation: Politics, Persuasion, and Practicality - A How-To

Most Popular Posts

Noted UK Think Tank: Tax Land Values
Eliminating the property tax? It must not happen, but we’ll see what happens.
Altoona, PA: City tax wholly on land values = normality
Land Value Tax in Britain: Progress While the Rear Guard Digs In
Dr. Herbert Barry's Proposal to Really Reassess Allegheny County

Categories

Act 47
Africa
Agricultural Policy
Allegheny County
ALTER
Altoona
Assessment
Australia
Australian Capital Territory
Baltimore
Berkshire
Canberra
Clairton
Connecticut
Connecticut General Assembly
Current News Item
de Blasio
Economic Development
Economic Policy
Economic Rent
Economist
Ed Vargas
Education
EPA
Federal Tax Policy
Fiscal Policy and Taxes
Frederick
Free Markets
Gentrification
George Osborne
Global Taxation
Harrisburg
Hartford
Healthy Communities
Housing
Housing Policy
Hurricane Sandy
India
Ireland
Jamaica
Jeffrey Berger
Jimmy Tayoun
Justin Skariah
Kenyatta Johnson
Lancaster
Land Policy
Land Value Tax
Lanesborough
Larry Deutsch
Law and the Constitution
Legislation
Len Fasano
Liberal Democrats
Local Government
Maria Quinones-Sanchez
Martin Looney
Maryland
Massachusetts
Matt Ritter
Matthew Ritter
Mayor Rick Gray
Michael Kinsley
Michigan
Millbourne
Model Legislation
Monroe County
Montreal
Moonachie
Namibia
National Tax Policy
New Jersey
New London
New York City
NY
Oregon
Parking and Transportation
Patricia Dillon
Pennsylvania
Philadelphia
Pittsburgh
Portland
Property Assessment
Property Tax Reform
Public Health
Public Opinion
Public Resources
Public Works
Regional Tax Base Sharing
Regionalism
Regressive
Rhode Island
Rochester
Roland Lemar
Sales Taxes
Scranton
Senator Jan Malik
Sin Taxes
Smart Growth
Soda Tax
Taiwan
Tax Exemption and Abatment
Thomas Piketty
Titusville
Tom Kramer
Transportation Funding
Transportation Policy
Uncategorized
United Kingdom
Urban Blight
Urban Rejuvenation
Urban Tax Policy
Vince Cable
Wage and Income Taxes
Wales
Wealth
Wilson Goode Jr.
powered by

Incentive Taxation

Altoona, PA: City tax wholly on land values = normality











Three Cities, One Tax: Altoona, Sydney, Copenhagen

The beginning of 2011 saw the introduction of a city property tax that fell on land values only, unique in the history of US cities.  Altoona joined Sydney, Copenhagen and hundreds of other cities that have found land value taxation a simple, effective and reliable source of revenue without causing the distortionary effects of other taxes such as sales, wage or building taxes.

The budget for 2012 has just passed, with the Altoona Mirror reporting the rationale for the land value tax, as well as challenges that lie ahead for the city.  It looks as if land value tax may be here to stay, if adjustments are made each year for changing revenue needs and real estate values.  Altoona may now be ready to start replacing such taxes as the local income tax or business taxes with LVT, to better position itself for a devoutly desired economic recovery.

6 Comments to Altoona, PA: City tax wholly on land values = normality:

Comments RSS
Matthew Naab on Friday, July 13, 2012 12:06 AM
Has Altoona committed to eliminating their local taxes on capital and labor yet or any plans to do so? Cheers!
Reply to comment
 
Joshua Vincent on Monday, July 16, 2012 11:42 AM
Dear Mr. Naab: You ask a very good question, and one that deserves an ongoing exploration of just exactly what taxes the citizens and business people of Altoona pay. As you know, effecting change is difficult at any level. Logically, it ought to be easier at a local level where citizens do have the most influence over their tax burdens. That being said, there is a laundry list of taxes on business and citizens that have to be stricken from the books one by one;the following list shows the taxes collected by the city: Tax_Name Municipal_Tax_Amount Amusement (percent) 2.5 Debt Service (mills) 11.02 Earned Income - Nonresident (percent) 1.2 Earned Income - Resident (percent) 0.7 Local Services Tax (LST) (dollars) 47 Mechanical Devices (dollars) 75 Mercantile/Business Privilege - Other (mills) 0 Mercantile/Business Privilege - Retail (mills) 0.75 Mercantile/Business Privilege - Wholesale (mills) 0.5 Occupation (dollars) 5 Per Capita (dollars) 5 Per Capita Code (dollars) 0 Real Estate - General Purpose (mills) 30 Real Estate - Split rate - Building (mills) 0 Real Estate - Split rate - Land (mills) 372.213 Realty Transfer (percent) 0.5 Recreation (mills) 6.72 Shade Trees (mills) 0.1 And that's just the city! In Pennsylvania, unlike most other states the menu of taxes is much broader and confusing. And in the case of Altoona we are not even yet discussing school taxation, County taxation, state taxation, and federal taxation. Step-by-step incremental change is the most possible – even in this time of fiscal crisis – but will still take some time. I'd be interested to know what taxes YOU think are most destructive and ought to be removed first. I hope to hear from you. Josh Vincent, director


Search Engine Optimisation on Monday, October 15, 2012 9:08 AM
Altoona may now be ready to start replacing such taxes as the local income tax or business taxes with LVT, to better position itself for a devoutly desired economic recovery.


roulette jeu on Tuesday, September 18, 2012 5:14 AM
I am interested in such things. thanks
Reply to comment


online casino on Thursday, October 11, 2012 1:27 AM
County taxation, state taxation, and federal taxation. Step-by-step incremental change is the most possible – even in this time of fiscal crisis – but will still take some time. I'd be interested to know what taxes YOU think are most destructive and ought to be removed first. I hope to hear from you. Josh Vincent, director
Reply to comment


SEO on Tuesday, October 16, 2012 4:46 AM
fiscal crisis – but will still take some time. I'd be interested to know what taxes YOU think are most destructive and ought to be removed first. I hope to hear from
Reply to comment

Add a Comment

Your Name:
Email Address: (Required)
Website:
Comment:
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment