Land Development and Current Use Assessment: A Theoretical Note

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.


Issue Date:
2003-04
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/31343
Published in:
Agricultural and Resource Economics Review, Volume 32, Number 1
Page range:
46-52
Total Pages:
7




 Record created 2017-04-01, last modified 2017-08-24

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