Raising land tax rates in Australia appears to have led to a decrease in land speculation.
A revenue-neutral swap of New York City's taxes for a 21.7% land value tax is simulated to increase wages by 4% and aggregate output by 91%, while decreasing city land price by 28%, and the poverty rate by 34%.
The city of Harrisburg, Pennsylvania, offers a strong example of a successful land value tax.
In the period following Harrisburg, PA's land value tax, the number of vacant lots fell by 80%, the tax base rose from $212 million to $1.6 billion, and the crime rate fell 46%.
Following a large expansion in Pittsburgh's split-rate tax, their average annual building permit values increased by 70.4%, while 15 other cities had a 14.4% decrease in the same time period.
Split-rate tax increases development activity as measured by building permits.
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An Introduction to Two-Rate Taxation of Land and Buildings
Universal Basic Income and the City
Metropolitan Land Values
Implementing a Land Value Tax: Considerations on Moving from Theory to Practice
Land Value Tax Analysis: Simulating the Tax in Multnomah County
A Critical View of Land Value Taxation as a Progressive Strategy for Urban Revitalization, Rational Land Use, and Tax Relief
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Cletus C. Coughlin
Jeffrey P. Cohen
Stijn Van Nieuwerburgh
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Land Value Tax