Questions and Answers
(a) Where has LVT been implemented so far and what are the results?
Working Groups 3, 4 will be dealing with this question.
(b) How does a council with limited resources assess land values?
* Ted Gwartney
(c) How would LVT be implemented in a small community with limited resources and what are the barriers?
* Ted Gwartney
(d) How is it best managed to tax existing landowners who have not been taxed in the past?
* Jeff Smith
(e) Given that land tax can be imposed on poor, how is that best managed without causing market evictions?
* Jeff Smith
(f) What is the way forward if there is no valuation profession in place in the country?
* Ted Gwartney
The above six questions are from the GLTN contract. GLTN Project Advisory Group may consider additional key questions important for us to answer. For starters, based on input from Neil Gilchrist:
(g) What legislation may be required to enable implementation of LVT/C?
Neil is interested in creating a list of links to existing LVT, title and valuation legislation globally, a model LVT legislation document, and possibly similar for titles and valuations. He also suggests that it may be helpful to do a critique of existing legislation.
Paul Metz also will give input.
(h) How can LVC/T be implemented when land is held in tribal or communal tenure?
focus on how to coordinate, articulate, and develop the interface of the freehold/leasehold land value capture policy development?
Paul Metz, Chris Cook
Note from Alanna: For this one I will soon contact Herb Goldstein who worked for many years with the School of Living Community Land Trust to interface land use fees payable by community land trust members with land valuation and tax liabilities on lands surrounding the community land trust held property. He has developed an excellent document / contract along these lines. I have some other writings as well.
(i) Are there examples of and methodologies for implementation of LVC/T for funding transportation and other public infrastructure?
Dave Wetzel, Bill Batt, Paul Metz
(j) What about distributing rent via basic income or “citizen dividends”?
Nic Tideman: Here is how I approach the CD/tax issue.
(k) Would you say "Homestead Allowance" is a kind of 'dividend'?
Fred Foldvary: I would not. The logic of LVT is that tax policy seeks to optimize land use by collecting the economic rent and then letting the market determine the best use of any particular plot of land. Homestead allowances contradict this logic to discriminate between land used for residence and land used for business. Residential land then becomes used less efficiently.
This also creates political issues as to which land is residential, such as farms in which people live and homes in which there is a business. How are cooperatives handled? We get complex laws dealing with homesteading, and political pressure to increase and extend the homestead exemption. This will be much more so when all the rent is collected rather than the small amount now being collected.
(l) Should Land Value Tax/Capture be phased in to minimize transitional impacts or is there some other way to move towards full implementation?
Fred Foldvary: As an alternative to phase-in transitions that gradually increase the amounts of rent paid, one could implement an immediate full LVT with government bonds. The abolition of slavery had a similar issue...
(m) Should there be land value capture from lands with open, public access?
Fred Foldvary: All the land rent of government-held land should be included in the LVT paid to the public treasury, no exceptions. The round trip of the rent makes it clear what the social cost of the park is and lets the public judge whether paying that rent back into the park budget is the best use of the funds relative to other wanted services.
This includes the rent of streets. This has an opportunity cost, as more street space implies less space for other uses. The public should know how much the streets cost as rent, and then if the streets are worth it, the rent is paid back to the street budget.
If you let one non-paying weed in, it will breed others. The economic rent of a park should be in the park's budget for all to see. Then if the city or state governors deem it worthwhile to pay that cost of open access, the government's budget will include that rental payment as part of the revenues allocated to the park expenses.