Please use this identifier to cite or link to this item:
Main Title: A systematic framework of location value taxes reveals dismal policy design in most European countries
Author(s): Milan Fernandez, Blanca
Kapfer, David
Creutzig, Felix
Type: Article
Language Code: en
Is Part Of: 10.14279/depositonce-5521
Abstract: Location values have long been recognized as an attractive instrument to raise municipal revenues. First, they increase fiscal efficiency and equability compared to traditional property taxes. Second, they can be used to enhance sustainable urban planning. The question of how to design a location value tax has long been discussed in various strands of literature, but there are few efforts to create multidisciplinary approaches. This lack of reconciliation hampers the discussion on optimal designs that includes all economic, social and environmental considerations. Here we combine literature on public finances, urban economics and value capture with that of sustainable urban planning to narrow this gap. We develop a framework to assess the design characteristics of location value taxes from a sustainability perspective, and apply this framework to assess current practices in Europe. The analysis reveals severe shortcoming in policy design in most European countries, although Denmark provides a more promising example. Nonetheless location value taxes have a high potential for improving sustainable urban planning.
Issue Date: 2016
Date Available: 8-Mar-2017
DDC Class: 330 Wirtschaft
Subject(s): location value tax
urban sustainability
European property taxation
Journal Title: Land Use Policy
Publisher: Elsevier
Publisher Place: Amsterdam [u. a.]
Volume: 51
Publisher DOI: 10.1016/j.landusepol.2015.11.022
Page Start: 335
Page End: 349
ISSN: 0264-8377
Appears in Collections:FG Städtebau und Urbanisierung » Publications

Files in This Item:
File Description SizeFormat 
2016_Milan_et-al.pdf7.9 MBAdobe PDFThumbnail

This item is licensed under a Creative Commons License Creative Commons