Sl. Roakes et al., THE IMPACT OF LAND-VALUE AND REAL-PROPERTY TAXATION ON THE TIMING OF CENTRAL CITY REDEVELOPMENT, Journal of planning education and research, 13(3), 1994, pp. 174-184
Planners have long been intrigued with the concept of land value taxat
ion (LVT) as a way to eliminate urban blight and sprawl. This research
empirically tested the hypothesis that, compared to real property tax
ation, LVT will speed the rate of redevelopment in central cities. The
analysis shows that from 1970 to 1987 central city redevelopment in A
uckland and Wellington, New Zealand, was influenced by different popul
ation growth rates and by physical differences between the cities, but
not by the taxation systems. The physical difference between the two
cities, as well as low tax levels and long assessment cycles, may limi
t these results to this context.