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Implications of a Land Value Tax with Error in Assessed Values

  • Jeffrey I. Chapman
  • Robert J. Johnston
  • Timothy J. Tyrrell

Land value taxation has numerous potential advantages compared to conventional property taxes on capital and land. The models that establish these advantages, however, are grounded in the unlikely assumption that land values are assessed without error. This paper demonstrates that levying taxes based on land values assessed with error is equivalent to the application of one tax rate to the true value of land and a different effective tax rate to capital. The model demonstrates that a land value tax will have at most the distortion effects of a property tax, even with the worst possible land value assessment errors.

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File URL: http://le.uwpress.org/cgi/reprint/85/4/576
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Article provided by University of Wisconsin Press in its journal Land Economics.

Volume (Year): 85 (2009)
Issue (Month): 4 ()
Pages: 576-586

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Handle: RePEc:uwp:landec:v:85:y:2009:i:4:p:576-586
Contact details of provider: Web page: http://le.uwpress.org/

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  1. Richard W. England, 2003. "State and Local Impacts of a Revenue-Neutral Shift from a Uniform Property to a Land Value Tax: Results of a Simulation Study," Land Economics, University of Wisconsin Press, vol. 79(1), pages 38-43.
  2. England, Richard W. & Zhao, Min Qiang, 2005. "Assessing the Distributive Impact of a Revenue–Neutral Shift from a Uniform Property Tax to a Two-Rate Property Tax with a Uniform Credit," National Tax Journal, National Tax Association, vol. 58(2), pages 247-60, June.
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