Year: 2025
Type: article
Abstract: Land Value TaxOne potential solution lies in targeting the ‘stock’ rights associated with landownership, yet to do so would require contextual sensitive and a significant undermining of investment incentives. A more viable route is to target the ‘flow’ returns from landownership, shaping individual behaviour toward cooperation. In Venice this came because individualistic exploitation of ‘stock’ rights would have brought little ‘flow’ return, discouraging individualism.To align flow returns with communality, charges must dynamically reflect the externalities landowners generate, whilst adapting to shifting urban contexts over time. In practice an economically simple but politically convoluted solution may already have presented itself, Land Value Tax (LVT).
Source: Regions Magazine
Author: Adam Moogan
Institution: University of Cambridge
Language: English
Topic: Urban Planning and Valuation
Subfield: Management, Monitoring, Policy and Law
Field: Environmental Science
Domain: Physical Sciences
Open Access status: diamond
OpenAlex ID: W4412504609