Providence RI WPRI TV: Time to Tax Land Alone?
|November 23, 2013||Posted by Staff under Good Press|
This 2013 excerpt of WPRI, Aug 19, is by Ted Nesi.
Downtown Providence is dotted with surface parking lots and empty parcels.
Maybe Providence should take a page from the playbook of Altoona, Pa., and start taxing land.
Land tax has a distinguished pedigree in economics if not actual policy implementation. The idea is to shift toward taxing the value of something whose supply won’t change due to tax rates – land – instead of the buildings and other improvements made there. Doing so would spur development, pushing those who own vacant land to do something with it.