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Property Tax Policy and Land-Use Change

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Author Info
Maksym Polyakov
Daowei Zhang

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Abstract

In this study, we analyze the effect of property taxes on changes between agricultural, forestry, Conservation Reserve Program, and developed land uses in Louisiana. We estimate a random parameters logit model of land-use conversion from the National Resources Inventory plot data. Our results indicate that land-use changes are inelastic with respect to property taxes. Simulation shows that current use valuation policy, while slowing down development of rural lands, also affects changes between rural land uses.

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File URL: http://le.uwpress.org/cgi/reprint/84/3/396
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Publisher Info
Article provided by University of Wisconsin Press in its journal Land Economics.

Volume (Year): 84 (2008)
Issue (Month): 3 ()
Pages: 396-408
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Handle: RePEc:uwp:landec:v:84:y:2008:i:3:p:396-408

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Related research
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Find related papers by JEL classification:
Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation
H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies

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This page was last updated on 2009-11-22.

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