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 |
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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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