Property Tax Policy and Land-Use Change
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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- Gerald Nelson & Alessandro De Pinto & Virginia Harris & Steven Stone, 2004. "Land Use and Road Improvements: A Spatial Perspective," International Regional Science Review, , vol. 27(3), pages 297-325, July.
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- Stavins, Robert N & Jaffe, Adam B, 1990. "Unintended Impacts of Public Investments on Private Decisions: The Depletion of Forested Wetlands," American Economic Review, American Economic Association, vol. 80(3), pages 337-52, June.
- Nagubadi, Rao V. & Zhang, Daowei, 2005. "Determinants of Timberland Use by Ownership and Forest Type in Alabama and Georgia," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 37(01), April.
- Ian W. Hardie & Peter J. Parks, 1997. "Land Use with Heterogeneous Land Quality: An Application of an Area Base Model," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(2), pages 299-310.
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