Town Planning Review

Challenge of capturing socially generated land values: principle versus practicality

Town Planning Review (2020), 91, (6), 621–641.

Abstract

This article provides a review of past attempts to harness the uplift in land values arising from granting planning permission to better understand the current difficulties of the use of land-value capture. The scheme has been the most successful approach to date, but the theoretical fundamentals are fudged and there are substantial policy variations between localities: a victory of practicality over principle. We argue that a tax on development value would be more effective whilst maintaining the principles of taxing socially generated land values.

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Details

Author details

Jones, Colin

Stephens, Mark