Land Tax

A land value tax or location value tax (LVT), also called a site valuation tax, split rate tax, or site-value rating, is an ad valorem levy on the unimproved value of land. Unlike property taxes, it disregards the value of buildings, personal property and other improvements to real estate. A land value tax is generally favored by economists as (unlike other taxes) it does not cause economic inefficiency, and it tends to reduce inequality.Land value tax has been referred to as "the perfect tax" and the economic efficiency of a land value tax has been known since the eighteenth century. …

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Publications

World Bank Group · 12 June 2024 English

Amman sits at a crossroads. The city's growth presents new opportunities for development that can be both efficient and sustainable. However, rapid urbanization also strains public infrastructure and services, and …

LVC represents a wide range of legal instruments, from land taxes to fees to in-kind infrastructure contributions, based


World Bank Group · 11 June 2024 English

land title/certificate, survey certificates, land tax receipts, residency certificates and documents


IMF: International Monetary Fund · 7 June 2024 English

Selected Issues

recurrent taxes on immovable property (e.g., land tax) (0.1 percent of GDP).2 The reverse is true for


IMF: International Monetary Fund · 7 June 2024 English

The new government took office in November 2023 and key plans include lowering taxation to boost purchasing power and competitiveness. A financial sector assessment program (FSAP) concluded together with the …

Help-to-buy policies should be better targeted and land tax reform should be expedited to reduce structural policies to unlock housing supply, including through land tax reform are needed to reduce structural imbalances


World Bank Group · 5 June 2024 English

Government subsidies have emerged as a flashpoint in the geopolitical tensions that threaten to undermine the global rules-based trading system. Subsidies are among the tools deployed by the world's major …

(SEIS) United Kingdom Central Government Stamp Duty Land Tax (SDLT): Relief for Freeport Tax Sites United Kingdom


Urban Institute · 28 May 2024 English

Decommodifying housing has gained increasing interest from policymakers in recent years--in his FY 2025 budget, President Biden proposed a $20 billion fund that would, among other things, increase the stock …

https://www.vox.com/policy-and- politics/22951092/land-tax-housing-crisis. NOTES 29 17 Andrew Vincent, “Non-Glamorous Gains: The Pennsylvania Land Tax Experiment,” Strong Towns, March 6, 2019, https://www org/journal/2019/3/6/non-glamorous-gains-the-pennsylvania-land-tax- experiment. 19 Camille Squires, “San Francisco


The Australia Institute · 24 May 2024 English

residents in support. [...] o Across the four large states, a majority support a stamp duty for land tax swap (59% in NSW, 58% in Victoria, 56% in Queensland and 73% in WA). [...] • Over half of Australians

testing at music festivals 64%28% stamp duty to land tax swap 60%26% a public holiday for Reconciliation property value. o Support for a stamp duty for land tax swap is highest among those aged 18–29 (at 70%) large states, a majority support a stamp duty for land tax swap (59% in NSW, 58% in Victoria, 56% in Queensland testing at music festivals 58%64% stamp duty to land tax swap 57%60% a public holiday for Reconciliation


NBER: National Bureau of Economic Research · 23 May 2024 English

A school finance equalization program established in Mississippi in 1920 failed to help many of the state's Black students – an outcome that was typical in the segregated U.S. South …

for both white and Black children. If the local land tax for school finance is t, the district’s budget


IMF: International Monetary Fund · 21 May 2024 English

Selected Issues

At the same time, at the regional level, tax systems are predominately non-digital, particularly for land taxes which lack a comprehensive registry.11 As land taxes are an important revenue source, increasing the use of GovTech could mobilize mainstreaming citizen engagement, and fostering GovTech enablers. 11 A significant obstacle to the digitalization of land taxes is the absence of a comprehensive land registry.


IMF: International Monetary Fund · 15 May 2024 English

Outlook and Risks. Real GDP growth and inflation moderated in 2023 and are projected to decline further over the medium term as the output gap closes and global commodity prices …

creating a unified tax department to enhance efficiency and reduce costs, incorporating the collection of stamp duties and land taxes within the Belize Tax Service Department (BTSD), (ii) increasing tax arrears collection by improving the accuracy


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