Can the French development tax be a strategic land value capture instrument

Bibliographic Data

ID21406348
AuthorsSonia Guelton (0000-0002-6190-2580, Sonia Guelton is a Professor at the University of Paris East Creteil, LAB’URBA, F-94010 Creteil, France; Agnès Pouillaude is an Associate Researcher with Laboratoire d’économie et de management de Nantes, University of Nantes, Cerema, Direction Ouest, 9 rue René Viviani, F-44000, Nantes, France;.), Agnès Pouillaude (Sonia Guelton is a Professor at the University of Paris East Creteil, LAB’URBA, F-94010 Creteil, France; Agnès Pouillaude is an Associate Researcher with Laboratoire d’économie et de management de Nantes, University of Nantes, Cerema, Direction Ouest, 9 rue René Viviani, F-44000, Nantes, France;.)
Year2023
Volume94
Issue2
Pages215-239
Publication date2023-03-01
Open AccessNo
TypeARTICLE
VenueTown Planning Review (JOURNAL)
Journal identifiersISSN: 0041-0020 • E-ISSN: 1478-341X
PublisherLiverpool University Press (PUBLISHER • GB)
DOI10.3828/tpr.2021.56
OpenAlexW4285663319
LanguageEN
Citations received2
References cited19

This article analyses how local governments can use a land value capture instrument to support their land development and planning policy in addition to their financial objectives, focusing on the French ‘development tax’ in a real-estate development project in Bordeaux. It compares the legal framework of the development tax with the practice of public and private negotiation. The case study concludes that tax decisions leave unforeseen room for trade-offs between fiscal objectives and the business models of private developers via adjustments to the tax rate, building rights and facilities planning. The tax decision can help drive socio-spatial development and generate collective benefits

Business · Economics · Negotiation · Political science · Public economics · Real estate · Real estate development · Value (mathematics) · Value-added tax · Finance · Fiscal Policy and Economic Growth · French Urban and Social Studies

Tools

Open DOI