Saving your City: a Talk on Land Value Tax in Troy, NY
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

Saving your City: a Talk on Land Value Tax in Troy, NY


From the Collar City: You are Invited to a discussion on a new way to tax

Can your town use a new approach to in finance, planning and its relationships with citizens?



Property taxes are both the main source of revenue for local governments, and at the same time the most unpopular.  Economically, property taxes as they are currently structured, reward blight and disinvestment, while discouraging real estate markets from operating in more urbanized areas.  One tool used by dozens of cities in the US in hundreds of cities elsewhere is the land value tax is the land value tax. What is the land value tax (LVT)? LVT reduces the tax rate on all buildings, and is implemented in a revenue neutral manner by increasing the tax rate instead on land values.

LVT has two effects: it lessens the impact of ever-increasing taxes on neighborhoods. It makes the holding of vacant or blighted land harder for speculators. LVT would remove much of the problems with current unfair assessments, and can help transition to the new assessments.

Much of New York's state tax system also serves as a disincentive for growth.  Yet, towns and cities can benefit from a restructuring of their property tax in a revenue neutral manner, yet in a way that rewards those who "do" for the city.  CSE provided a convincing study of LVT in 1996. The city passed on the project, assuming times would get better.  Sixteen years later, it seems that much still needs to be done.

An overview of this program which is been used to great success in older towns in Pennsylvania will be presented on Monday, March 12  at the Oakwood Community Center, 313 Tenth Street, Troy, NY 12180 starting at 7 PM.  


The cost of blight is too large to ignore, and the old standbys are not working (Here's a Troy-specific piece) or the funding is gone for good. Give us a listen next Monday!


1 Comment to Saving your City: a Talk on Land Value Tax in Troy, NY:

Comments RSS
Property Taxes Appeal on Saturday, March 24, 2012 3:37 AM
Such a nice blog its information is very good. This is very informative thanks for sharing it.
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