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An Agricultural Value Tax as an Alternative to Land Use Tax or Market Value Tax on Land

Published online by Cambridge University Press:  28 April 2015

Fred C. White ,
Bill R. Miller  and
Charles A. Logan
Fred C. White
Affiliation:
University of Georgia
Bill R. Miller
Affiliation:
University of Georgia
Charles A. Logan
Affiliation:
University of Georgia
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Extract

A use-value assessment tax requires a system by which agricultural land values may be established. Land value in agricultural use can in principle be determined from the land's income-generating ability. The value of agricultural land can be based upon the capitalized income stream, which implies that net income attributable to land resource, or more theoretically, its value of the marginal product, can be capitalized into economic value. A major weakness in the process of determining net returns to land is the requirement that returns to other production inputs can be determined accurately. To be exact, the marginal productivity of every input must be known.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 7 , Issue 1 , July 1975 , pp. 137 - 143
Copyright
Copyright © Southern Agricultural Economics Association 1975

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References

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[2] Hady, Thomas F. and Sibold, Ann Gordon. State Programs for the Differential Assessment of Farm and Open Space Land, Economic Research Service, United States Department of Agriculture, Agricultural Economic Report No. 256, April 1974.Google Scholar
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