Download or read book Use value Assessment of Rural Land in the United States written by John Edwin Anderson and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: State and local governments in this country have adopted a number of policies to regulate the conversion of rural land to developed uses. One of the most significant and least understood is preferential assessment of rural land under the real property tax, often called use-value assessment (UVA) or current-use assessment. This book explains and analyzes the critical questions raised by this fiscal tool for farmland preservation. Under UVA, the assessments of various parcels of land within a given state may vary tremendously from property to property. A tract that is zoned residential with access to a turnpike might be assessed at $7,865 per acre. In the very same neighborhood, though, an even larger tract of vacant land might be assessed at a mere $127 per acre, which is far below the market value. How can there be such dramatic differences in the assessment of land values within the same community or neighborhood? Has the town assessor failed to treat property owners fairly and equally, as required by state law? Not at all. Nearly all states across the country permit, and even require, local assessors to value some parcels of undeveloped land far below their fair market values for the purpose of levying local property taxes. Despite their stated purpose of preserving rural lands from urban development, UVA programs can have unintended negative consequences. One is erosion of the legal and constitutional principle of uniformity of taxation; another is shifting of the local tax burden to other property owners, perhaps in a regressive manner. Occasionally UVA programs generate political controversy and even legislative action concerning "fake farmers" who enjoy low property tax bills, but whose land might only be used to sell firewood or Christmas trees to a few friends and neighbors. This volume explains the origins, key features, impacts, and flaws of use-value assessment programs across the United States. It describes in detail the process and characteristics of UVA programs in 44 states and recommends reforms. This book serves as a road map for public officials, scholars, and journalists concerned with agricultural taxation and land use issues.
Download or read book Use Value Assessment of Rural Lands written by John Edwin Anderson and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Use-value assessment (UVA) is the practice of valuing rural land according to its current use rather than its market value to reduce property taxes for rural land owners in the United States. This tax preference amounts to tens of billions of dollars annually.Originally created to slow the loss of farms, ranches, and forestland caused by urbanization, the reality is that UVA is a blunt policy instrument that provides tax benefits to all eligible landowners, with very little impact on the number of acres being developed. UVA undermines the integrity of the property tax system as a mechanism to fund local public goods and services. Eligibility requirements are often lax, withdrawal penalties are mild or nonexistent, and assessment methods are subject to biased manipulation. Fundamentally, UVA programs are not fulfilling their intended purposes.This report describes the history and design features of state UVA programs, explains the theoretical underpinnings of land valuation, and surveys empirical studies of UVA implementation and impacts.It also identifies the weaknesses of UVA programs and proposes the following set of policy reforms to make the programs more effective and fair: Design eligibility rules to ensure that only parcels serving UVA statutory goals can participate.Adopt state guidelines for assessors that provide accurate UVA estimation methods.Create appropriate penalty provisions for land removed from rural or agricultural use.Restructure UVA programs to reduce tax inequities and provide valuable benefits to society as a whole.This report was preceded by the book Use-Value Assessment of Rural Land in the United States, published in 2014
Download or read book Use Valuation of Louisiana s Rural Lands written by Clifford A. Hickman and published by . This book was released on 1983 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Use value Assessment of Farm and Open Space Lands written by Raleigh Barlowe and published by . This book was released on 1976 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Impacts of Current use Assessment of Rural Land in the East Texas Pineywoods Region written by Clifford A. Hickman and published by . This book was released on 1991 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Property Tax Impacts of Current use Assessment of Forest and Other Rural Land in Tennessee written by Clifford A. Hickman and published by . This book was released on 1982 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economics of Rural Land Use Change written by Kevin J. Boyle and published by Routledge. This book was released on 2017-03-02 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public concern over land management has never been greater. This book provides a broad overview of the economics of rural land-use change, drawing attention to the meaningful role economic analysis can play in resolving public concern and supporting future, pro-active land management strategies in rural areas. The book's breadth distinguishes it from other recent texts, as it jointly offers rigorous treatments of theoretical and empirical models of rural land-use change and practical discussions of applications and relevant methods. Chapters are specifically designed to demonstrate the types of land-use questions economic analysis can answer, the types of methods that might be employed to answer these questions, and the types of public policy decisions that may be supported by such analysis. The book makes a significant contribution to contemporary land-use research, highlighting the key methodological and public policy issues that will be central to future research on the economics of rural land-use change.
Download or read book Use Value Assessment of Agricultural Land in the Northeast written by and published by . This book was released on 1987 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Use value Assessment of Rural use Land written by Joseph W. Freeman and published by . This book was released on 1972 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Use value Farmland Assessments written by Robert J. Gloudemans and published by . This book was released on 1974 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Use Value Assessment of Farmland written by Roger Cliff and published by . This book was released on 1999 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Farm use Assessment Revisited written by Frederick D. Stocker and published by . This book was released on 1979 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Property Taxes for Agriculture written by John E. Anderson and published by . This book was released on 2018 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze the spread of use-value assessment (UVA) programs applied to agricultural and rural land for property tax purposes across the 50 states. Taxing such land on the basis of its current use in agriculture rather than its full market value can confer significant property tax reductions on owners of the land. Effects are often substantial for land near large urban areas. Using a time-to-event model, we find, as others have posited, that a driving force behind the spread of UVA has been the secular trend toward urbanization across all 50 states. We also find that models of collective action do a good job of explaining the spread of UVA. Urbanization and divergence of the values of agricultural and nonagricultural land are critical to the spread of UVA. However, other important factors include changes in average farm size and changes in agriculture's share of state income. We find that in states where average farm sizes increased more rapidly, legislatures were quicker to adopt UVA. That finding is consistent with an increased concentration of agricultural interests. We also find that states where agriculture's share of state income declined more rapidly also were quicker to adopt UVA. That finding, too, is consistent with models of collective action. As groups become smaller, the burden of subsidizing them also falls. Note that although the findings are consistent with models of interest group behavior, they are at odds with traditional voting models.
Download or read book Differential Assessment of Real Property as an Incentive to Open Space Preservation and Farmland Retention written by Robert E. Coughlin and published by . This book was released on 1978 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Options in Land Use Policy for Michigan written by and published by . This book was released on 1974 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Recommendations for Implementing Pennsylvania s New Farmland and Forest Land Assessment Act written by Margaret Bennett and published by . This book was released on 1975 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Untaxing Open Space written by Regional Science Research Institute and published by . This book was released on 1976 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt:
