Property Tax Policy and Land-Use Change

Maksym Polyakov, D. Zhang

    Research output: Contribution to journalArticlepeer-review

    52 Citations (Scopus)

    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 languageEnglish
    Pages (from-to)396-408
    JournalLand Economics
    Volume84
    Issue number3
    Publication statusPublished - 2008

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