Center for the Study of Economics - Company Message
RSS Follow Become a Fan

Recent Posts

More evidence confirms the error of stopping land value tax in Pittsburgh
Urban Taxation: Deadweight Loss for the Weakest
Property tax caps for user fees; what could be better? Almost anything
Land Value Taxation in Connecticut: UrbanTools' televised interview
The property tax needs respect but repair

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
Dr. Herbert Barry's Proposal to Really Reassess Allegheny County
How to mend the Property Tax

Categories

Act 47
Africa
Agricultural Policy
Allegheny County
ALTER
Australia
Australian Capital Territory
Baltimore
Berkshire
Canberra
Clairton
Connecticut
Current News Item
de Blasio
Economic Development
Economic Policy
Economic Rent
Economist
Education
Federal Tax Policy
Fiscal Policy and Taxes
Gentrification
George Osborne
Global Taxation
Harrisburg
Hartford
Healthy Communities
Housing
Housing Policy
Hurricane Sandy
India
Ireland
Jimmy Tayoun
Kenyatta Johnson
Land Policy
Land Value Tax
Lanesborough
Larry Deutsch
Law and the Constitution
Legislation
Liberal Democrats
Maria Quinones-Sanchez
Martin Looney
Maryland
Massachusetts
Michael Kinsley
Michigan
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 Opinion
Public Resources
Public Works
Regional Tax Base Sharing
Regionalism
Rhode Island
Rochester
Sales Taxes
Scranton
Senator Jan Malik
Smart Growth
Taiwan
Tax Exemption and Abatment
Thomas Piketty
Titusville
Transportation Funding
Transportation Policy
Uncategorized
United Kingdom
Urban Rejuvenation
Urban Tax Policy
Vince Cable
Wage and Income Taxes
Wales
Wealth
Wilson Goode Jr.
powered by

Incentive Taxation

2013 legislative update: Land Value Tax Legislation Introduced in Connecticut

Connecticut's 2013 General Assembly meets for a six month session in January.  Odd-numbered years generally concentrate on local laws and statutes for municipalities and relations with the state government in the so-called "long sessions." 






This month, several bills have been introduced to permit municipalities flexibility in how and what they tax, as well as specific language permitting a municipality to enact land value tax.  The sponsors are led by the New Haven Connecticut legislative delegation. We expect to interview them in the near future. UrbanTools is pleased to announce this broad follow-up to the 2009 law that permitted New London Connecticut to design and enact a land value tax program; with that effort currently on hold.

Meanwhile, many state leaders and municipal officials still believe that LVT can play an important role in a post-recessionary time that is seen tax increases at the state level and steady reduction in state aid to hard-pressed cities. 

 One vital tool as part of the program to make cities more self-sustaining and less dependent on the whims of the economy is the land value tax; as an expression of the Henry George Theorem, which asserts that land values in a city can actually pay for most or all city services (this term was first popularized by Nobel prize-winning economist Joseph Stiglitz in his "Theory of Local Public Goods"). 

Initial study by UrbanTools of several Connecticut cities (such as Norwalk), indicates land value tax would provide an environment conducive to private market investment, as well as significantly reduce the burden of taxation for citizens at all economic levels who build, invest, and produce.  Evidence from other cities such as Hartford, New Haven, and New London indicate that the property tax would be converted to a progressive tax with adoption of land value taxation. 

Check in often as the legislative session moves forward.