A year-end gift of land value tax and good management: stable revenues
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

A year-end gift of land value tax and good management: stable revenues


Council member Keith Bromley marked the difficulty of the achievement by highlighting the trouble so many other cities run into trying to pass a balanced budget, saying, "You look at other communities. They haven't been able to do this. It's a significant thing for us." December 2012




Since 1991, the city of Titusville Pennsylvania, the city of the third class in the northwest corner of the state has used land value tax as its primary source of municipal revenue.  So far, through two recessions and a general innervation of the Northeast states, Titusville has achieved what some might think is boring, but any municipal government would love: stable revenues with no need for tax increases.

This year's budget maintains land value tax rates of 20.7 mills for buildings and 71.25 mills on land values (In many states, tax rates are legally described as "mills" as opposed to a percentage or pennies per hundred dollars of value).

Titusville's can-do attitude, matching market investment with public encouragement has produced results in its charming downtown, and on its quiet tree-lined residential streets.  Poverty is low, and housing and commercial space affordable.  UrbanTools hopes an update of our 2007 study will soon be commissioned by the Titusville to analyze the current tax and economic prospects for the city.



1 Comment to A year-end gift of land value tax and good management: stable revenues :

Comments RSS
visit on Wednesday, June 12, 2013 7:55 AM
Land value taxation has resulted in home grown sources outside the community.Since it is not an additional tax it supports the economy to develop. The advantages are many, yet many of us do not know what it is all about. Regards
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