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Property Tax on Privatized Roads

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Abstract

Roads cover a significant fraction of the land area in many municipalities. The public provision of roads means this land is exempt from the local property tax. Transferring roads from public to private ownership would not only remove maintenance costs from city budgets, but increase potential property tax revenue as well. This paper calculates the value of the land occupied by roads in sample cities and determines the potential revenue increase if they were subject to property tax. Further calculation computes the extent to which the property tax rate could be reduced if the land value of roads were added to the tax base.

Suggested Citation

  • Jason Junge & David Levinson, 2009. "Property Tax on Privatized Roads," Working Papers 000063, University of Minnesota: Nexus Research Group.
    • Handle: RePEc:nex:wpaper:landvalueoflocalroads
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    File URL: http://hdl.handle.net/11299/180041
    File Function: First version, 2009
    Download Restriction: no
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    More about this item

    Keywords

    tax; land value; locational analysis; transportation finance;
    All these keywords.

    JEL classification:

    • R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R14 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Land Use Patterns

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