Abstract
In this study, we analyze the effect of property taxes on changes between agricultural, forestry, Conservation Reserve Program, and developed land uses in Louisiana. We estimate a random parameters logit model of land-use conversion from the National Resources Inventory plot data. Our results indicate that land-use changes are inelastic with respect to property taxes. Simulation shows that current use valuation policy, while slowing down development of rural lands, also affects changes between rural land uses.
| Original language | English |
|---|---|
| Pages (from-to) | 396-408 |
| Journal | Land Economics |
| Volume | 84 |
| Issue number | 3 |
| Publication status | Published - 2008 |
