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Tax Motivated Takings

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  • Miceli, Thomas J.
  • Segerson, Kathleen
  • Sirmans, C.F.

Abstract

Tax 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.

Suggested Citation

  • Miceli, Thomas J. & Segerson, Kathleen & Sirmans, C.F., 2008. "Tax Motivated Takings," National Tax Journal, National Tax Association;National Tax Journal, vol. 61(4), pages 579-591, December.
  • Handle: RePEc:ntj:journl:v:61:y:2008:i:4:p:579-91
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    Cited by:

    1. Thomas Miceli, 2011. "Free riders, holdouts, and public use: a tale of two externalities," Public Choice, Springer, vol. 148(1), pages 105-117, July.
    2. Isaac, R. Mark & Kitchens, Carl & Portillo, Javier E., 2016. "Can buyer “mobility” reduce aggregation failures in land-assembly?," Journal of Urban Economics, Elsevier, vol. 95(C), pages 16-30.
    3. Thomas J. Miceli, 2014. "The Cost of Kelo: Are Property Taxes a Form of Public Use?," Working papers 2014-35, University of Connecticut, Department of Economics.

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