Forecasting Open Space with a Two-Rate Property Tax

2010 ◽  
Vol 86 (2) ◽  
pp. 263-280 ◽  
Author(s):  
S.-H. Cho ◽  
D. M. Lambert ◽  
R. K. Roberts
Keyword(s):  
Open Space ◽  
Property Tax ◽  
Rate Property

scholarly journals Capitalization of Open Spaces into Housing Values and the Residential Property Tax Revenue Impacts of Agricultural Easement Programs

2003 ◽  
Vol 32 (1) ◽  
pp. 33-45 ◽  
Author(s):  
Jacqueline Geoghegan ◽  
Lori Lynch ◽  
Shawn Bucholtz
Keyword(s):  
Open Space ◽  
Property Tax ◽  
Hedonic Model ◽  
Tax Revenue ◽  
Residential Property ◽  
Housing Values ◽  
Open Spaces ◽  
The Cost ◽  
Agricultural Preservation ◽  
Expected Increase

Using a unique spatial database, a hedonic model is developed to estimate the value to nearby residents of open space purchased through agricultural preservation programs in three Maryland counties. After correcting for endogeneity and spatial autocorrelation, the estimated coefficients are used to calculate the potential changes in housing values for a given change in neighborhood open space following an agricultural easement purchase. Then, using the current residential property tax for each parcel, the expected increase in county tax revenue is computed and this revenue is compared to the cost of preserving the lands.

A Dual-rate Property Tax: Exploring the Potential for Moderating the Effects of Sprawl on Development

2015 ◽  
Vol 9 (2) ◽  
pp. 251-267
Author(s):  
Seong-Hoon Cho ◽  
Roland K. Roberts ◽  
Dayton M. Lambert
Keyword(s):  
Property Tax ◽  
Rate Property

Estimating the Extent to Which the Existing Property Tax Structure in Pennsylvania, Aside from Preferential Assessment, Subsidizes the Agricultural Sector

1977 ◽  
Vol 6 (2) ◽  
pp. 98-105
Author(s):  
Owen H. Sauerlender ◽  
Roger H. Downing
Keyword(s):  
Open Space ◽  
Agricultural Sector ◽  
Agricultural Land ◽  
Property Tax ◽  
Tax Incentives ◽  
Monetary Incentives ◽  
Preferential Treatment ◽  
Planning Commission ◽  
Property Owners

There is widespread use at this time of various tax incentives (1, 3, 5, 7, 8, 16) to stimulate property owners to maintain agriculture or open space on their land. The success of such programs will depend to a great extent upon the monetary incentives that they provide to property owners. The existence of preferential treatment in the taxing system prior to the implementation of preferential farmland assessment legislation has been proven by several authors (2, 4, 12). Such de facto preferential assessment has been noted in areas other than agricultural land (13, 20). This type of preferential assessment may be innate to the system that assessors use in determining the value of farmland (17, 18), or it may be the result of a conscious effort on the part of the assessing authorities to give preferential assessment to farm land and open space (15). The following quotation is taken from the Lehigh-Northampton County Joint Planning Commission Study, “Act 515 in Lehigh County – A Follow-Up Study”.

scholarly journals Impact of Substituting the Transactions Tax for the Farm Real Estate Tax

1978 ◽  
Vol 10 (2) ◽  
pp. 23-28
Author(s):  
Fred C. White
Keyword(s):  
Open Space ◽  
Property Tax ◽  
Local Property ◽  
Property Taxes ◽  
Land Values ◽  
Tax Rates ◽  
Quarter Century ◽  
Two Factors ◽  
Real Estate Tax ◽  
The Many

The fact that the local property tax remained virtually unchanged for so many decades prior to the 1950s is remarkable, considering the myriad modifications that have emerged during the past quarter century. Perhaps the historically low tax rates shielded many of its unfavorable characteristics which have been attacked in recent years. Because of rising land values and rising tax rates per dollar of value, the property tax in a majority of the states was modified, usually to protect agricultural or residential interests. Two factors contributed to the passage of the many tax reform programs for agriculture: (1) a belief that property taxes discriminated against farmers because farmers paid a disproportionate share of their income in property taxes and (2) a desire to affect land use by preserving farmland and open space.

scholarly journals Simulated Effects of Use Value Assessment on Property Tax Rates

1970 ◽  
Vol 2 (1) ◽  
pp. 121-127
Author(s):  
Chauncey T. K. Ching ◽  
George E. Frick
Keyword(s):  
Open Space ◽  
Property Tax ◽  
Market Value ◽  
Urban Land ◽  
Urban Fringe ◽  
Use Value ◽  
Tax Rates ◽  
Value Assessment ◽  
Land Uses

Because of the awareness of the importance of non-urban land uses, many States have turned to use value assessment (as opposed to assessment at market value) as one method of maintaining open space. For example, see “Taxation of Farmland in the Rural-Urban Fringe” by Thomas F. Hady and Thomas F. Stinson, U. S. Dept. of Agriculture, A. E. Report No. 119, 1967. in response to such actions, many researchers have addressed themselves to the effectiveness of use value assessment in maintaining open space. The effectiveness of use value assessment in keeping land open is not in question in this discussion. Suffice to say that the effectiveness of use value assessment in maintaining open space is a highly debatable issue on both economic and political grounds.

Impact of a Two‐Rate Property Tax on Residential Densities

2013 ◽  
Vol 95 (3) ◽  
pp. 685-704 ◽  
Author(s):  
Seong-Hoon Cho ◽  
Seung Gyu Kim ◽  
Dayton M. Lambert ◽  
Roland K. Roberts
Keyword(s):  
Property Tax ◽  
Rate Property

Development of high-performance objective lens polepiece for ultrahigh resolution Analytical Electron Microscope

1993 ◽  
Vol 51 ◽  
pp. 254-255
Author(s):  
K. Fukushima ◽  
T. Kaneyama ◽  
F. Hosokawa ◽  
H. Tsuno ◽  
T. Honda ◽  
...  
Keyword(s):  
Electron Microscope ◽  
High Performance ◽  
Open Space ◽  
Materials Science ◽  
Objective Lens ◽  
Ultrahigh Resolution ◽  
Science Field ◽  
Specimen Holder ◽  
Analytical Electron ◽  
Analytical Electron Microscope

Recently, in the materials science field, the ultrahigh resolution analytical electron microscope (UHRAEM) has become a very important instrument to study extremely fine areas of the specimen. The requirements related to the performance of the UHRAEM are becoming gradually severer. Some basic characteristic features required of an objective lens are as follows, and the practical performance of the UHRAEM should be judged by totally evaluating them.1) Ultrahigh resolution to resolve ultrafine structure by atomic-level observation.2) Nanometer probe analysis to analyse the constituent elements in nm-areas of the specimen.3) Better performance of x-ray detection for EDS analysis, that is, higher take-off angle and larger detection solid angle.4) Higher specimen tilting angle to adjust the specimen orientation.To attain these requirements simultaneously, the objective lens polepiece must have smaller spherical and chromatic aberration coefficients and must keep enough open space around the specimen holder in it.

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