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Land Development and Current Use Assessment: A Theoretical Note

Published online by Cambridge University Press:  15 September 2016

Richard W. England  and
Robert D. Mohr
Richard W. England
Affiliation:
Department of Economics, University of New Hampshire
Robert D. Mohr
Affiliation:
Department of Economics, University of New Hampshire
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Abstract

This paper jointly models a landowner's decision to develop a parcel and the option to enroll that parcel in a current use assessment program. The analytical results highlight different factors that influence the effectiveness of a current use program in delaying development. The results also underscore the difficulty a local government might have in influencing the behavior of the landowner. Except for altering eligibility rules, a local government employing current use assessment has but two policy tools: a penalty for development and the property tax rate.

Keywords

current use assessmentdevelopment penaltiesland-use changepecuniary and nonpecuniary benefitsproperty taxationuse value
Type
Contributed Papers
Information
Agricultural and Resource Economics Review , Volume 32 , Issue 1 , April 2003 , pp. 46 - 52
Copyright
Copyright © 2003 Northeastern Agricultural and Resource Economics Association 

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References

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