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Property Tax Distortions and Participation in Federal Easement Programs: An Exploratory Analysis of the Wetlands Reserve Program

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  • Poe, Gregory L.

Abstract

Higher propety taxes and uncertainty about post-easement tax levels may create a disincentive for landowners to participate in federal easement programs such as the Wetlands Reserve Program, and thus may distort participation levels in a manner inconsistent with the environmental benefits associated with individual parcels. Support for this hypothesis is provided in an exploratory analysis of state level participation in the Wetlands Reserve Program. If such distortions prove to be policy relevant, then either they should be accounted for in the bid acceptance process of future federal easement programs, or individual states and localities should correct property tax differentials and post-easement tax uncertainty.

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  • Poe, Gregory L., 1998. "Property Tax Distortions and Participation in Federal Easement Programs: An Exploratory Analysis of the Wetlands Reserve Program," Agricultural and Resource Economics Review, Cambridge University Press, vol. 27(1), pages 117-124, April.
    • Handle: RePEc:cup:agrerw:v:27:y:1998:i:01:p:117-124_00
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    References listed on IDEAS

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    1. Lynch, Sarah & Smith, Katherine R., 1994. "Lean, Mean and Green ... Designing Farm Support Programs in a New Era," Policy Studies Program Reports, Henry A. Wallace Institute for Alternative Agriculture, number 134108, December.
    2. Poe, Gregory L., 1997. "Extra-Market Values and Conflicting Agriculture Environmental Policies," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 12(3), pages 1-5.
    3. John E. Anderson & Howard C. Bunch, 1989. "Agricultural Property Tax Relief: Tax Credits, Tax Rates, and Land Values," Land Economics, University of Wisconsin Press, vol. 65(1), pages 13-22.
    4. Ralph E. Heimlich, 1994. "Costs of an Agricultural Wetland Reserve," Land Economics, University of Wisconsin Press, vol. 70(2), pages 234-246.
    5. Runge, C. Ford, 1994. "Designing Green Support: Incentive Compatibility And The Commodity Programs," Working Papers 14462, University of Minnesota, Center for International Food and Agricultural Policy.
    6. Wiebe, Keith D. & Heimlich, Ralph E., 1995. "The Evolution of Federal Wetlands Policy," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 10(01), pages 1-6.
    7. Parks P. J. & Kramer R. A., 1995. "A Policy Simulation of the Wetlands Reserve Program," Journal of Environmental Economics and Management, Elsevier, vol. 28(2), pages 223-240, March.
    8. Marc O. Ribaudo & C. Tim Osborn & Kazim Konyar, 1994. "Land Retirement as a Tool for Reducing Agricultural Nonpoint Source Pollution," Land Economics, University of Wisconsin Press, vol. 70(1), pages 77-87.
    9. Wiebe, Keith D. & Heimlich, Ralph E., 1995. "The Evolution of Federal Wetlands Policy," Choices, Agricultural and Applied Economics Association, vol. 10(1).
    10. Lynch, Sarah, 1994. "Designing Green Support Programs," Policy Studies Program Reports, Henry A. Wallace Institute for Alternative Agriculture, number 134111, December.
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    Cited by:

    1. Boisvert, Richard N. & Peterson, Jeffrey M., 2001. "Control Of Nonpoint Source Pollution Through Voluntary Incentive-Based Policies: An Application To Nitrate Contamination In New York," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 30(2), pages 1-12, October.
    2. Stavins, Robert & Plantinga, Andrew & Lubowski, Ruben, 2003. "Determinants of Land-Use Change In the United States 1982-1997," RFF Working Paper Series dp-03-47, Resources for the Future.
    3. Whitten, Stuart M., 2001. "‘If you build them, will they pay?’ – Institutions for private sector nature conservation," 2001 Conference (45th), January 23-25, 2001, Adelaide, Australia 126061, Australian Agricultural and Resource Economics Society.
    4. Jordan F. Suter & Gregory L. Poe & Nelson L. Bills, 2008. "Do Landowners Respond to Land Retirement Incentives? Evidence from the Conservation Reserve Enhancement Program," Land Economics, University of Wisconsin Press, vol. 84(1), pages 17-30.
    5. Ando, Amy W. & Getzner, Michael, 2006. "The roles of ownership, ecology, and economics in public wetland-conservation decisions," Ecological Economics, Elsevier, vol. 58(2), pages 287-303, June.

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