Land Value Tax Do-Over for New London?
Center for the Study of Economics - Company Message
RSS Follow Become a Fan

Delivered by FeedBurner


Recent Posts

LVT in Los Angeles? Op-Ed says go for it.
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

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
Affordable Housing
Africa
Agricultural Policy
Allegheny County
ALTER
Altoona
Assessment
Australia
Australian Capital Territory
Baltimore
Berkshire
California
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
Los Angeles
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

Land Value Tax Do-Over for New London?

Connecticut, a state blessed with great wealth but also great poverty, has examined the idea of permitting Connecticut cities - almost by definition poor and dis-invested - to have the option to enact property tax reform in the shape of a land value tax, which Governor Jody Rell signed into law for New London in 2009.  The reasons were clear: the decay of Connecticut towns was proportional to the damage that sprawl has wrought on the formerly bucolic countryside, with farms replaced by subdivisions, and bank-breaking infrastructure costs. 



At that time, a committee was appointed by the city manager, and  although their remit was to determine how the land value tax ought to be implemented, instead the committee recommended non-adoption.  Although he city council asked for the deadline for the program to be extended it was not to be.



Fast forward to 2012, and a new New London has emerged.  There is a strong mayor system of government, and the habits of the past 50 years are being replaced by genuine interest in ways to open the city to the world and its markets.  Mayor Daryl Finizio is a supporter of land value tax, and most commerce wants the plan enacted, at least in the downtown.   Re-gearing for New London is Re-New London Council, an activist citizens group dedicated to helping the city realize its full potential.

UrbanTools analyses over the past few years have indicated that depending on the plan of enactment, most homeowners would save on their (very) high tax bills, as would the intact Central Business District. The pay mores? Absentee owners and entities like the old Pfizer Plant, which left New London when the tax abatements ended.  Now is the time for New London to revisit the land value tax, with discussion and disclosure in the full light of day.
Thanks to a new energy and leadership success looks more likely.


No More Vacant Lots for New London?

0 Comments to Land Value Tax Do-Over for New London?:

Comments RSS

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