Check out this great piece by our member Tom Gihring, published by the Robert @Schalkenbach Foundation. #landvaluetax#communitylandtrust#zoning https://t.co/27NP8ZT20k
Join us for a legislative social! Learn/connect with fellow advocates and hear from Rep. Rob Nosse about next steps for our land value tax study bill (HB 2124).
📅 Wed, Jan 29 | 6:30 PM
📍 McMenamins Barley Mill Pub in SE Portland
Appetizers provided.
The Spokane City Council is looking to spur growth in the community by exploring moving away from property taxes and adopting a land value tax model instead. https://t.co/leR8Efvxet
@maxdubler The governor in the 1920s was Al Smith, a Georgist who removed housing from the property tax roles, taxing only the land value.
https://t.co/f7oxIwz8mR
@Econ4ThePeople @twjpdx23 NW PDX = NW Portland
SDCs = Systems Development Charges, new development fees that have raised substantially over the last few decades as property tax growth is constrained here
@ModerateInSEA@typewriteralley If a vacant lot gets developed to have a 4-plex on top, then under standard property tax their yearly bill will increase substantially.
An in-between option is the split-rate tax, which weights the land value higher than the improved value.
@johndoe514@AngelicaOung@zenrealtornyc Owner-occupied detached homes are a large chunk of the property base in lots of places, so they'd have to make up that revenue elsewhere. The price of homes would also shoot up to capture the increase in demand.
Instead, drop the tax on improvements but keep it on land.
@wrong_shon@yhdistyminen Pittsburgh ramped up their split-rate property tax in the 1980s, and construction levels increased.
Source: Oates and Schwab, 1997
https://t.co/FGBebQZMPJ
Land and tax policy have been intertwined since time immemorial. How we spend our resources shapes our landscape, how we shape our landscape shapes our revenues. It’s long overdue to look at who benefits and loses from our land use tax policies
Land value taxes hold a lot of promise for delivering economic development and tax fairness in our cities, which is why I introduced legislation (S7871) to give municipalities the ability to pilot this approach. (1/2)
https://t.co/3pZH1kTdhr
Oregon State Treasurer candidate Jeff Gudman: "with the State’s housing crunch making housing more and more expensive, we should not have a tax structure that rewards [land speculation]"
https://t.co/9nwmzRqfWb
We're pleased to see more candidates recognizing the value of replacing property tax with a land value tax! Here are some of the candidates currently running:
Portland City Council candidate Dan Gilk: "I believe that a land value tax in lieu of a property tax...will solve some of the largest structural problems in our housing policy..."
https://t.co/pyeJ2zYXdF
District 5: Nilu Jenks
Jenks gets our endorsement with her support for density, transit, bike lanes, and a land value tax. She understands the realities of her role and is well qualified for the position.