The LVT Playbook: So, how do you build a Land Value Tax?

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Imagine speaking to a Mayor and City Council. They accept the idea of a two-rate land value tax (LVT), meaning a higher tax on land assessments and a lower tax on building assessments. They agree LVT is a worthwhile change. However, keep in mind that the city will raise the same revenue as from its current one-rate property tax.

Puerto Rico: On the Edge of Some Very Risky Business

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The Puerto Rican budget depends to a high degree on the Sales and Use Tax (IVU for its Spanish acronym)  and the Commonwealth income tax and corporation tax. To pay off hundreds of billions of dollars in bonds, Puerto Rico decided to pay off the bonds with the IVU. Current bond debt and unfunded pensions amount to about $125 billion. There is no guaranteed revenue stream to rebuild infrastructure after earthquakes and hurricanes. The Commonwealth government has made its books look good by reducing aid to municipalities. Municipalities have no own-source funding. The cost of basic needs for the populace, such as energy, export facilities, and the Jones Act, makes life on an impoverished island very expensive indeed.

Is a Land Value Tax Right for Erie, Pennsylvania?

This report provides the results of a preliminary analysis to determine the on-the-ground effects of implementing a land value tax (LVT) in Erie, Pennsylvania.  While the findings contained herein give an accurate representation of changes in the general tax trends within the City that will result from the adoption of an LVT, CPTR recommends the conduct of a series of more detailed analyses to determine parcel-level and other effects before proceeding with adjustments to existing property tax codes, and is prepared to carry out this work with the participation and support of the City of Erie.

Tax Exemption in Roanoke, VA

“Statutorily exempt” is the term used to describe owners of land and buildings who, by virtue of their identities, are not required to pay property taxes.  Their holdings are still assessed like everyone else’s but no bill is ever generated, despite the fact that they benefit from the same tax-funded amenities (like schools, roads, and public services) as everyone else.  So while an organization’s tax exempt status may feel like a foregone conclusion, their savings aren’t actually free.  As part of its commitment to transparency in taxation, CPTR explores the specific implications of tax exemptions for cities and towns across the country.  This report is focused on the City of Roanoke, VA.

Is a Land Value Tax Right for Roanoke, Virginia?

This report provides the results of a preliminary analysis to determine the on-the-ground effects of implementing a land value tax (LVT) in Roanoke Virginia. While the findings contained herein give an accurate representation of changes in the general tax trends within the City that will result from the adoption of an LVT, CPTR recommends the conduct of a series of more detailed analyses to determine parcel-level and other effects before proceeding with adjustments to existing property tax codes, and is prepared to carry out this work with the participation and support of the City of Roanoke.