IDEAS home Printed from https://ideas.repec.org/a/cup/jagaec/v7y1975i01p137-143_01.html
   My bibliography  Save this article

An Agricultural Value Tax as an Alternative to Land Use Tax or Market Value Tax on Land

Author

Listed:
  • White, Fred C.
  • Miller, Bill R.
  • Logan, Charles A.

Abstract

A use-value assessment tax requires a system by which agricultural land values may be established. Land value in agricultural use can in principle be determined from the land's income-generating ability. The value of agricultural land can be based upon the capitalized income stream, which implies that net income attributable to land resource, or more theoretically, its value of the marginal product, can be capitalized into economic value. A major weakness in the process of determining net returns to land is the requirement that returns to other production inputs can be determined accurately. To be exact, the marginal productivity of every input must be known.

Suggested Citation

  • White, Fred C. & Miller, Bill R. & Logan, Charles A., 1975. "An Agricultural Value Tax as an Alternative to Land Use Tax or Market Value Tax on Land," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 7(1), pages 137-143, July.
    • Handle: RePEc:cup:jagaec:v:7:y:1975:i:01:p:137-143_01
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S0081305200012280/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Hady, Thomas F. & Sibold, Ann Gordon, 1974. "State Programs for the Differential Assessment of Farm and Open Space Land," Agricultural Economic Reports 307503, United States Department of Agriculture, Economic Research Service.
    2. The Indian Society of Agricultural Economics, 1972. "Proceedings of the Seminar," Conference Papers 261836, Indian Society of Agricultural Economics.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Davis, Neal & Hanson, Gregory D. & Kinnucan, Henry, 1986. "Taxation And Agriculture: An Annotated Bibliography Of Selected Journals," Staff Reports 277841, United States Department of Agriculture, Economic Research Service.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Long, Burl F. & Infanger, Craig L. & Danielson, Leon E., 1977. "Land Use Planning And Policy In The South," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 9(1), pages 1-9, July.
    2. White, Fred C., 1978. "Impact Of Substituting The Transactions Tax For The Farm Real Estate Tax," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 10(2), pages 1-6, December.
    3. Syed Shurid Khan & Shawn Arita & Richard Howitt & PingSun Leung, 2022. "Evaluating change in property tax regime on noncommercial food production using a modified positive mathematical programming model," SN Business & Economics, Springer, vol. 2(9), pages 1-20, September.
    4. Snyder, Robert W., 1976. "Agricultural Land Use Policy: Some Perspectives And Observations," Staff Papers 13550, University of Minnesota, Department of Applied Economics.
    5. Mandal, Goutam, 1977. "The Case For Limited Tractorization For Agricultural Development In A Labour-Abundant Economy," 1977 Occasional Paper Series No. 1 190964, International Association of Agricultural Economists.
    6. Bills, Nelson L., 2007. "Fifty Years of Farmland Protection Legislation in the Northeast: Persistent Issues and Emergent Research Opportunities," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 36(2), pages 1-9, October.
    7. Anderson, John E. & Giertz, Seth H. & Shimul, Shafiun N., 2022. "Reducing property taxes for agriculture: Diffusion of use-value assessment policy across the United States," Land Use Policy, Elsevier, vol. 120(C).
    8. Pasour Jr., E.C. & Danielson, Leon E., 1975. "Agricultural Use-Value Taxation In North Carolina, 1974 And 1975," Department of Economics and Business - Archive 259541, North Carolina State University, Department of Economics.
    9. Bigelow, Daniel P. & Kuethe, Todd, 2023. "The impact of preferential farmland taxation on local public finances," Regional Science and Urban Economics, Elsevier, vol. 98(C).
    10. Richard Goodenough, 1978. "An Approach to Land-use Control: the California Land Conservation Act," Urban Studies, Urban Studies Journal Limited, vol. 15(3), pages 289-297, October.
    11. Gustafson, Gregory C., 1977. "Land-Use Policy and Farmland Retention: The United States' Experience," Miscellaneous Publications 329531, United States Department of Agriculture, Economic Research Service.
    12. Stam, Jerome M. & Sibold, Ann Gordon, 1977. "Agriculture and the Property Tax: A Forward Look Based on a Historical Perspective," Agricultural Economic Reports 307674, United States Department of Agriculture, Economic Research Service.
    13. Clayton, Kenneth C. & Milon, J. Walter, 1979. "Agriculture and the Property Tax: Theoretical Issues and Empirical Evidence," Staff Paper Series 239309, University of Florida, Food and Resource Economics Department.
    14. Daugherty, Arthur B., 1978. "Open Space Preservation: Federal Tax Policies Encouraging Donation Of Conservation Easements," Economics Statistics and Cooperative Services (ESCS) Reports 279721, United States Department of Agriculture, Economic Research Service.
    15. Rod Ziemer & Fred White & Ivery Clifton, 1981. "An analysis of factors affecting differential assessment legislation," Public Choice, Springer, vol. 36(1), pages 43-52, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jagaec:v:7:y:1975:i:01:p:137-143_01. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/aae .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.