A. R. Prest's Investigation of the Case for Site Value Taxation

A bstract . Urban site value taxation —an application to one of the several types of land and natural resources of Henry George's proposals for recapturing for the public's benefit the value its presence and activities accord to land—has been investigated by a leading British fiscal economist, A. R. Prest. He finds that the taxation of urban land is badly in need of reform. Considering the options available, he declares: "With site value rating (land value taxation ) there surely is a very strong case for further experimentation." Professor Prest surveys the whole literature of the question in a strictly objective fashion.