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The Effects of Greenspace Tax Laws on Urban Development

Author

Listed:
  • Roy Boyd

    (Ohio University)

  • Geoffrey K. Turnbull

    (Louisiana State University)

Abstract

This paper provides an analysis of the effects of greenspace land taxes on the allocation of land between competing uses over time. Describing development with estimated linear equations permits the dynamic model to be used to quantify the effect of different taxes on the rate of urbanization. Using data from Forsyth County, N.C., it is shown that land taxes can slow the pace of development- as they are intended to do-but also that the efficiency gains or losses associated with the taxes are modest at best.

Suggested Citation

  • Roy Boyd & Geoffrey K. Turnbull, 1989. "The Effects of Greenspace Tax Laws on Urban Development," The Review of Regional Studies, Southern Regional Science Association, vol. 19(2), pages 30-39, Spring.
    • Handle: RePEc:rre:publsh:v19:y:1989:i:2:p:30-39
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    References listed on IDEAS

    as
    1. Turnbull, Geoffrey K. & Boyd, Roy, 1989. "Dynamic adjustment to land taxation policy: Neutrality and welfare implications," Journal of Environmental Economics and Management, Elsevier, vol. 16(3), pages 242-252, May.
    2. Bentick, Brian L, 1979. "The Impact of Taxation and Valuation Practices on the Timing and Efficiency of Land Use," Journal of Political Economy, University of Chicago Press, vol. 87(4), pages 859-868, August.
    3. Oates, Wallace E, 1969. "The Effects of Property Taxes and Local Public Spending on Property Values: An Empirical Study of Tax Capitalization and the Tiebout Hypothesis," Journal of Political Economy, University of Chicago Press, vol. 77(6), pages 957-971, Nov./Dec..
    4. David E. Mills, 1980. "Market Power and Land Development Timing," Land Economics, University of Wisconsin Press, vol. 56(1), pages 10-20.
    5. David E. Mills, 1978. "Competition and the Residential Land Allocation Process," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 92(2), pages 227-244.
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    Cited by:

    1. Greden, Leah R. & Taff, Steven J., 1994. "Financing Farmland Preservation: The Twin Cities Metropolitan Area Experience," Staff Papers 13413, University of Minnesota, Department of Applied Economics.

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