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Coordinating Opposite Approaches to Managing Urban Growth and Curbing Sprawl: A Synthesis
Author(s) -
Daniels Thomas L.
Publication year - 2001
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/1536-7150.00062
Subject(s) - urban sprawl , deed , land tenure , business , growth management , land value , smart growth , property rights , property tax , value (mathematics) , popularity , economics , land development , natural resource economics , land use , limiting , public economics , tax reform , geography , law , political science , agriculture , microeconomics , mechanical engineering , civil engineering , archaeology , machine learning , computer science , engineering
The purchase of development rights to farmland and open space has recently gained in popularity as a growth management tool. A purchase of development rights program pays the landowner for the unearned increment in exchange for strong deed restrictions, limiting the use of the property. On the other hand, land value taxation, a modification of Henry George's Single Tax, would tax land more heavily than improvements, thus encouraging the development of land. While land value taxation and the purchase of development rights appear to be opposing fiscal policies, they could be employed together as part of a regional planning strategy to encourage in‐fill development within and near cities and to curb sprawl by retaining farm, forest, and ranch lands.