| Popis: |
When a neighborhood declines, the poor get poorer, crime rises, and those who can leave the area. The tax base shrinks, so the rates paid by those least able to pay increase. The prevailing system of a low tax on land values leads to land speculation and private land banking, assuring that the landowner can hold out for a very high price for a very long time. A higher tax on land values (coupled with reduction in building taxes) creates an incentive to sell that land or do something with it rather than waiting. In cities that use land-value taxes, real-estate markets start to work again and neighborhoods recover. Clairton, Pennsylvania's adoption of a land-value-taxation system demonstrates the neighborhood revitalization to which it leads, as owner-occupied residences and multi-family units saw a relief in their tax burden. In contrast, vacant properties' contribution to the city budget tripled, providing the resources to pay for the education of Clairton's children and liberate working and middle-class families from the bonds of labor and capital taxation. |
