Measuring transit accessibility benefits and their implications on land value capture: a case study of the Bangkok Metropolitan Region

Land Value Capture as a New Sustainable Financing Mechanism for Public Transit Development in New Cities: Borg El-Arab New City as a Case Study

New Cities and Community Extensions in Egypt and the Middle East ◽

10.1007/978-3-319-77875-4_5 ◽

2018 ◽

pp. 71-100 ◽

Cited By ~ 1

Author(s):

Mostafa El-Nagdy ◽

Asmaa Ibrahim

Keyword(s):

Public Transit ◽

Land Value ◽

Value Capture ◽

Financing Mechanism ◽

New City ◽

Sustainable Financing

Download Full-text

A financing mode of Urban Rail transit based on land value capture: A case study in Wuhan City

Transport Policy ◽

10.1016/j.tranpol.2017.03.014 ◽

2017 ◽

Vol 57 ◽

pp. 59-67 ◽

Cited By ~ 14

Author(s):

Jun Sun ◽

Tian Chen ◽

Zuchen Cheng ◽

Cynthia C. Wang ◽

Xin Ning

Keyword(s):

Urban Rail Transit ◽

Rail Transit ◽

Land Value ◽

Wuhan City ◽

Value Capture ◽

Financing Mode ◽

Urban Rail

Download Full-text

Can land value capture make PPP's competitive in fares? A Mumbai case study

Transport Policy ◽

10.1016/j.tranpol.2018.02.002 ◽

2018 ◽

Vol 64 ◽

pp. 123-131 ◽

Cited By ~ 9

Author(s):

Rohit Sharma ◽

Peter Newman

Keyword(s):

Land Value ◽

Value Capture

Download Full-text

Can land value uplift deliver affordable housing? Experiences from England

Journal of European Real Estate Research ◽

10.1108/jerer-02-2017-0009 ◽

2018 ◽

Vol 11 (1) ◽

pp. 87-101 ◽

Cited By ~ 3

Author(s):

Peter Wyatt

Keyword(s):

Affordable Housing ◽

Empirical Work ◽

Political Agenda ◽

Land Value ◽

Local Planning ◽

Value Capture ◽

Content Type ◽

Decision Tools ◽

The One

Purpose The theoretical case for land value capture is well-known, but the effectiveness of affordable housing delivery as a capture mechanism is not so well-documented. Building on the earlier theoretical and empirical work of Whitehead (1991, 2007) and Crook and Whitehead (2002), the purpose of this paper is to consider the provision of affordable housing from a land value capture viewpoint, focusing on the process by which the amount of affordable housing is determined between landowners/developers on the one hand and local planning authorities on the other. Design/methodology/approach The paper adopts a mixed-mode approach for the data collection. Two surveys of local planning authorities were undertaken, together with a series of case study interviews. Findings The paper evaluates whether land value capture has been an effective mechanism for delivering affordable housing by focusing on three principal areas: first, the political agenda in relation to land value capture and the supply of affordable housing; second, the nature and motivation of the stakeholders involved in affordable housing decision-making; and third, the use of economic models as decision tools for determining the amount and type of affordable housing are negotiated. Originality/value The research provides some insight into the effectiveness of local authority affordable housing targets as a means of capturing the uplift in land value that results from the grant of planning permission.

Download Full-text

Spatial and Dynamic Features of Land Value Capture: A Case Study from Bogotá, Colombia

Public Finance Review ◽

10.1177/1091142117714551 ◽

2017 ◽

Vol 47 (3) ◽

pp. 603-622

Author(s):

Néstor Garza

Keyword(s):

Temporal Structure ◽

Master Plan ◽

Land Value ◽

Dynamic Features ◽

Value Capture ◽

Land Prices ◽

Policy Application ◽

The Relationship ◽

Rare Opportunity

This article assesses the neutrality of Captura de Plusvalía, a land value capture policy implemented in Bogotá (Colombia) in 2004. The case offers a rare opportunity for assessment because the policy application had a scattered spatial and temporal structure but on an urban agglomeration ruled by a single master plan and revenue collecting authority. The analysis reveals that (a) the relationship between value capture and prices is negative (static neutrality); (b) this result holds under various spatial specifications and controls; (c) the policy is not endogenous to the built output or the spatial distribution of the land prices; and (d) there is no evidence of preemption, a theoretical feature where landowners consider that the policy onset represents a regulatory taking, compelling them to accelerate developing timing (dynamic neutrality).

Download Full-text

Betterment: a taxing problem

Journal of Property Investment and Finance ◽

10.1108/jpif-06-2017-0046 ◽

2018 ◽

Vol 36 (2) ◽

pp. 217-226 ◽

Cited By ~ 2

Author(s):

Richard Grover

Keyword(s):

Property Values ◽

Property Taxes ◽

Land Value ◽

Value Capture ◽

Content Type ◽

Alternative Approach ◽

Effective Instrument ◽

The Uk ◽

Practical Implications

Purpose The purpose of this paper is to review the issues involved in land value taxation and betterment and the issues involved in apportioning value between land and improvements. Design/methodology/approach The theoretical and valuation issues in betterment are reviewed and a case study of a betterment tax introduced in the UK is used to illustrate the practical problems in implementation. Findings The idea of land value taxation depends upon being able to apportion property values between land and improvements. This raises both theoretical and practical problems that are difficult to overcome. Practical implications The apportionment property values between land and improvements produces results that cannot be verified by market evidence, suggesting that an alternative approach be adopted through value-based recurrent property taxes revalued at frequent intervals. Originality/value Much of the literature has concentrated on the theoretical advantages of land value taxation rather than examining the practical problems of implementation. These suggest a different approach with less emphasis on betterment taxes and more on how recurrent property taxes can be an effective instrument for value capture.

Download Full-text

Exploring Subbordia – the impact of suburbanisation in cross-border metropolitan regions. The case study of Szczecin and its German hinterland

Urban Development Issues ◽

10.2478/udi-2018-0031 ◽

2018 ◽

Vol 60 (1) ◽

pp. 5-13 ◽

Cited By ~ 1

Author(s):

Martin Barthel ◽

Ewelina Barthel

Keyword(s):

Border Region ◽

Metropolitan Region ◽

Metropolitan Regions ◽

Grass Roots ◽

Planning Support ◽

Cross Border ◽

Connected Area ◽

The Impact ◽

Local Narratives

Abstract This paper focuses on the largely unexamined phenomenon of the developing trans-national suburban area west of Szczecin. Sadly the local communities in this functionally connected area struggle with national planning policies that are unsuitable for the region. The paper examines the impact of those processes on the border region in general and on the localities in particular. The paper investigates the consequences for local narratives and the cohesive development of the Euroregion and what position Polish and German communities took to develop the region, even without the necessary planning support. The region has succeeded in establishing grass-roots planning mechanisms which have helped to create a metropolitan-region working from the bottom up.

Download Full-text

Understanding the geography of affordable housing provided through land value capture: Evidence from England

Urban Studies ◽

10.1177/0042098021998893 ◽

2021 ◽

pp. 004209802199889

Author(s):

Alexander Lord ◽

Chi-Wan Cheang ◽

Richard Dunning

Keyword(s):

Affordable Housing ◽

Theory And Practice ◽

Land Values ◽

Land Value ◽

Local Planning ◽

Development Activity ◽

Value Capture ◽

Dual Approach ◽

The Right ◽

Community Infrastructure

Governments the world over routinely undertake Land Value Capture (LVC) to recover some (or all) of the uplift in land values arising from the right to develop in order to fund infrastructure and public goods. Instruments to exact LVC are diverse but are usually implemented independently. However, since 2011 England has been experimenting with a dual approach to LVC, applying both a tariff-style levy to fund local infrastructure (the Community Infrastructure Levy) and negotiated obligations, used primarily to fund affordable housing (Section 106 agreements). In this article we employ a difference-in-differences (DID) method to identify the interaction of these two instruments available to local planning authorities. We explore the question of whether the Community Infrastructure Levy ‘crowds out’ affordable housing secured through Section 106 planning agreements. In so doing we show that the interaction of these two approaches is heterogeneous across local authorities of different types. This raises questions for understanding the economic geography of development activity and the theory and practice of Land Value Capture.

Download Full-text