Challenge of capturing socially generated land values: principle versus practicality

Jones, C. and Stephens, M. (2020) Challenge of capturing socially generated land values: principle versus practicality. Town Planning Review, 91(6), pp. 621-642. (doi: 10.3828/tpr.2020.88)

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Abstract

This article provides a review of past attempts to harness the uplift in land values arising from granting planning permission to better understand the current difficulties of the use of land-value capture. The scheme has been the most successful approach to date, but the theoretical fundamentals are fudged and there are substantial policy variations between localities: a victory of practicality over principle. We argue that a tax on development value would be more effective whilst maintaining the principles of taxing socially generated land values.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Stephens, Professor Mark
Authors: Jones, C., and Stephens, M.
College/School:College of Social Sciences > School of Social and Political Sciences > Urban Studies
Journal Name:Town Planning Review
Publisher:Liverpool University Press
ISSN:0041-0020
ISSN (Online):1478-341X
Copyright Holders:Copyright © 2020 Liverpool University Press
First Published:First published in Town Planning Review 91(6): 621-642
Publisher Policy:Reproduced in accordance with the publisher copyright policy

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