Neighborhood Revitalization and New Life
A Land Value Taxation Approach
Bibliographic Data
| ID | 2776842 |
|---|---|
| Authors | Joshua Vincent (0000-0001-9519-4570, Saint Vincent College, corresponding author) |
| Year | 2012 |
| Volume | 71 |
| Issue | 4 |
| Pages | 1073-1094 |
| Publication date | 2012-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | American Journal of Economics and Sociology (JOURNAL) |
| Journal identifiers | ISSN: 0002-9246 • E-ISSN: 1536-7150 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1536-7150.2012.00849.x |
| OpenAlex | W1509001065 |
| Language | EN |
| Citations received | 5 |
| References cited | 4 |
When a neighborhood declines, the poor get poorer, crime rises, and those who can leave the area. The tax base shrinks, so the rates paid by those least able to pay increase. The prevailing system of a low tax on land values leads to land speculation and private land banking, assuring that the landowner can hold out for a very high price for a very long time. A higher tax on land values (coupled with reduction in building taxes) creates an incentive to sell that land or do something with it rather than waiting. In cities that use land-value taxes, real-estate markets start to work again and neighborhoods recover. Clairton, Pennsylvania's adoption of a land-value-taxation system demonstrates the neighborhood revitalization to which it leads, as owner-occupied residences and multi-family units saw a relief in their tax burden. In contrast, vacant properties' contribution to the city budget tripled, providing the resources to pay for the education of Clairton's children and liberate working and middle-class families from the bonds of labor and capital taxation
Agriculture · Bond · Business · Capital (architecture) · Easement · Economics · Geography · Incentive · Labour economics · Land tenure · Land use · land values · Market economy · Natural resource economics · Real estate · Speculation · Value (mathematics) · Work (physics) · Finance · Housing Market and Economics · Housing, Finance, and Neoliberalism · Urban, Neighborhood, and Segregation Studies
Transition to social-ecological sustainability using the environmental fiscal reform
Unused private and public buildings
Building obsolescence in the evolving city. Reframing property vacancy and abandonment in the light of urban dynamics and complexity
The land hoarding and land inspector dilemma in China
Land Inequalities in the United States
| Unique citing works | 5 |
|---|---|
| Citations per year | 0,45 |
| Citation span | 2015 - 2023 (9) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 5 |