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CED-78-97 1 (1978-04-28)

handle is hein.gao/gaobacjgv0001 and id is 1 raw text is: DOCURIlT RBSONS 06004 - fB13263271 Effects of Tax Policies on Land Use. CkD-78-97. April 28, 1978. 46 pp. * appendix (2 pp.). Staff study by Henry Eschwegev Director, Community and Bconomic DeveloFeent Div. Issue Area: Land Use Planning and Control (2300); Tax Policy (1500) ;Intergovernamental Relations and Revenue sharing Contact: Community and Economic Deveoopmant Div. Budget Function: agriculture (350); .4munity and Regional P-velopsent (450). OrgaL-zation Concerned: Department of Agriculture; Department of Housing and Urban Development; Council en Environmental Quality. Authority: Tax Reform Act of 1976. Isternal Revenue Code. ORR circular A-95. There has been an increcsing ararenevs in the United States that taxatioa may play an important roe in i!%fluencing land use. This awareness includes a rtcoqnition cf certain undesirable consequinces of past Federal, State, or lcal tax policies and practices. Although there is no single overall Federal policy on the use of public or private land# tht Federal Government has a special interest in the effoct of taxer on ladt use. Findings/tonclusions: One of the most important sources of State and local revenues are propertT taxes which genrtralll consist of a deal tax levied on the land and its inproveaents. The present system of property taxation tends to overtax improvements and undertax land. This provides a disincentive to maintain or improve urban property or develop urtan lInd to its highest use. Property taxes on agricultural 3#nd, if assessed ot the basis of potential market value, can be a heavy burden on the owner. A 1973 study showed, in several cities, a systematic overassesament of properties in blighted and declining neighborhoods and an underassessment of properties in stable and improving neighborhoods. The study concluded that the most urgent property tax reform is to equalize effective tax rates across neighborhoods within the same vity to share tht costs of public services more evenly and not penalize deteriorating neighborhoods. ajor issues that need to be dealt with include: a need for coordinated action by all concerned Federal agencies to harmonize tax policies with national policy okjectivese identification of inconsistencies between tax provisions and specific national goals and programs, and deTelopment of alternative strategies to achieve national objectives. JRRS)

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