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Pages 124-128

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From page 124...
... E-1 The basic concept behind land value return and recycling (land value return) is that providing public goods and services creates value and those who receive that value should return a portion of that value to the public sector to compensate for the costs incurred to provide the public goods and services.
From page 125...
... E-2 Guidebook to Funding Transportation Through Land Value Return and Recycling In the street light example, property values in a community with street lights would likely be higher than property values in an identical community without street lights. If street lights in a community are funded from sales tax revenues, all consumers pay for the street lights, while the landowners reap a financial benefit from the lights -- even if the landowners never buy goods and services in the community and, therefore, never pay the sales tax.
From page 126...
... Economic Theory of Land Value Return and Recycling E-3 Payments for transportation infrastructure can be categorized as follows: • General taxes. Most state and local governments employ a variety of taxes and fees to generate revenue to pay for public goods and services.
From page 127...
... E-4 Guidebook to Funding Transportation Through Land Value Return and Recycling Land Value Return and Externalities As shown above in the example of the two vacant lots, in which only one lot had municipal water and sewer pipes adjacent to it, landowners benefit from mere access to infrastructure, even if they do not use it directly. Infrastructure-created land values are an often overlooked but potentially important source of infrastructure funding.
From page 128...
... Economic Theory of Land Value Return and Recycling E-5 motivation for land speculation and land hoarding. Land prices reflect the expected benefits of ownership.

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