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Economic and Spatial Effects of Land Value Taxation in an Urban Area: An Urban Computable General Equilibrium Approach

Author

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  • Ki-Whan Choi
  • David L. Sjoquist

Abstract

This paper studies the effects of switching from a capital property tax to a land value tax, using an urban computable general equilibrium model calibrated to the features of the Atlanta, Georgia, area. Our model differs from prior simulation studies in that we assume that residents own a fixed amount of land rather than assuming an absentee landowner, we consider three income groups rather than just one, we consider cases in which housing capital is not completely mobile, and we allow for a labor-leisure choice.

Suggested Citation

  • Ki-Whan Choi & David L. Sjoquist, 2015. "Economic and Spatial Effects of Land Value Taxation in an Urban Area: An Urban Computable General Equilibrium Approach," Land Economics, University of Wisconsin Press, vol. 91(3), pages 536-555.
    • Handle: RePEc:uwp:landec:v:91:y:2015:i:3:p:536-555
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    Citations

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    Cited by:

    1. Joshua M. Duke & TianHang Gao, 2023. "Land Value Taxation: A Spatially Explicit Economic Experiment with Endogenous Institutions," The Journal of Real Estate Finance and Economics, Springer, vol. 67(4), pages 673-694, November.
    2. Dakota B. Walker & Alican Mertan & Joshua Farley & Donna Rizzo & Travis Reynolds, 2024. "Land Stewardship and Development Behaviors Under an Ecological-Impact-Weighted Land Value Tax Scheme: A Proof-of-Concept Agent-Based Model," Land, MDPI, vol. 13(11), pages 1-25, October.
    3. Kalkuhl, Matthias & Fernandez Milan, Blanca & Schwerhoff, Gregor & Jakob, Michael & Hahnen, Maren & Creutzig, Felix, 2017. "Fiscal Instruments for Sustainable Development: The Case of Land Taxes," MPRA Paper 78652, University Library of Munich, Germany.
    4. Andrew Feltenstein & Mark Rider & David L. Sjoquist & John V. Winters, 2019. "The Impact of Interstate Mobility on the Effectiveness of Property Tax Reduction in Georgia," Center for State and Local Finance Working Paper Series cslf1907, Andrew Young School of Policy Studies, Georgia State University.
    5. Gregor Schwerhoff & Ottmar Edenhofer & Marc Fleurbaey, 2020. "Taxation Of Economic Rents," Journal of Economic Surveys, Wiley Blackwell, vol. 34(2), pages 398-423, April.

    More about this item

    JEL classification:

    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation
    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue

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