Tax Motivated Takings
AbstractTax motivated takings are takings by a local government aimed purely at increasing its tax base. Such an action was justified by the Supreme Court’s ruling in Kelo v. New London, which allowed the use of eminent domain for a private redevelopment project on the grounds that the project promised spillover public benefits in the form of jobs and taxes. This paper argues that tax motivated takings can lead to inefficient transfers of land for the simple reason that assessed values understate owners’ true values. We, therefore, propose a reassessment scheme that may reduce the risk of this sort of inefficiency.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by National Tax Association in its journal National Tax Journal.
Volume (Year): 61 (2008)
Issue (Month): 4 (December Citation: 61 National Tax Journal 579-91 (December 2008))
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Thomas J. Miceli, 2009.
"Free Riders, Holdouts, and Public Use: A Tale of Two Externalities,"
2009-01, University of Connecticut, Department of Economics.
- Thomas Miceli, 2011. "Free riders, holdouts, and public use: a tale of two externalities," Public Choice, Springer, vol. 148(1), pages 105-117, July.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Charmaine Wright).
If references are entirely missing, you can add them using this form.