Pennsylvania's Success with Local Property Tax Reform |
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Authors: | Alanna Hartzok |
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Abstract: | A bstract Fifteen cities in Pennsylvania are pioneering an innovative approach to local tax reform that harnesses market incentives for urban renewal . Opting for the so-called "two-rate" or "split-rate" property tax , these cities are lowering taxes on buildings, thereby encouraging improvements and renovations , while raising the tax on land values, thus discouraging land speculation . The resulting infill development as indicated by increased building permits means downtown jobs , efficient use of urban infrastructure, an improved housing stock, and less urban sprawl . Cities in other states are poised to follow Pennsylvania's example. |
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