Guidebook to Funding Transportation Through Land Value Return and Recycling (2018) / Chapter Skim
Currently Skimming:
Pages 113-123
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 113... ...
D-1 This Appendix provides select examples of existing legislation related to land value return concepts illustrated in the Guidebook, an example of a letter that can be modified to a state's particular circumstances and then sent to the State Attorney General to inquire as to the authority to implement certain land value return methods, and model legislation for revising property tax law to enable the implementation of land value return. Examples of Existing Legislation Property Tax: Transformation into Land Value Return Fee Maryland Article 15 of the Maryland Declaration of Rights recognizes that land and improvements on land are separate classes of property: Art.
|
From page 114... ...
D-2 Guidebook to Funding Transportation Through Land Value Return and Recycling Article VI. Department of Assessors This department shall consist of no less than 5 nor more than 9 persons, who shall have been residents of the city for at least 10 years; all of whom shall not be of the same political party.
|
From page 115... ...
Legislative Aids D-3 process for creating zone. TIZ funding used by district for local match for right-of-way acquisition in local government's territory or design, construction, operation, or maintenance of transportation facilities in local government's territory.
|
From page 116... ...
D-4 Guidebook to Funding Transportation Through Land Value Return and Recycling Maryland In the law excerpted below, the State of Maryland authorizes the county commissioners of Washington County to establish a local ordinance to determine the adequacy of public facilities and to establish and charge a fee to developers when proposed developments would require the county to expand those facilities. Maryland LAND USE Code Ann.
|
From page 117... ...
Legislative Aids D-5 Montana Montana authorizes impact fees. See Montana Code Annotated, Title 7, Chapter 6, Part 16 at http://leg.mt.gov/bills/mca_toc/7_6_16.htm.
|
From page 118... ...
D-6 Guidebook to Funding Transportation Through Land Value Return and Recycling See also NCHRP Legal Research Digest 70: Takings and Mitigation, by T
|
From page 119... ...
Legislative Aids D-7 Sample Letter to State Attorney General [official letterhead] Date The Honorable _______________ Office of the Attorney General Dear Attorney General ______, State officials have expressed a desire for job creation, affordable housing, and improvements to transportation infrastructure.
|
From page 120... ...
D-8 Guidebook to Funding Transportation Through Land Value Return and Recycling Model Legislation to Enable Land Value Return The constitutions and statutes of the 50 states vary to a considerable degree; therefore, model legislation is not universally applicable. There are principles and concepts that can be applied as appropriate within the context of each state's legal environment to enable land value return methods to be implemented.
|
From page 121... ...
Legislative Aids D-9 year, to the assessed value of all real property subject to taxation. The Legislature, acting by resolution, may extend the time for establishing the rates of taxation.
|
From page 122... ...
D-10 Guidebook to Funding Transportation Through Land Value Return and Recycling not be limited to, application procedures and qualifying requirements. The title of each property tax relief program shall be capitalized, underlined, and printed in bold type.
|
From page 123... ...
Legislative Aids D-11 The Mayor shall publish, by class and by individual property, a listing of all real property exempt from the real property tax. Such listing shall include the address, parcel, and square number; the name of the owner; the assessed value of the land and improvements of such property, and the amount of the tax exemption in the previous fiscal year.
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.