The fiscal impacts of use-value taxation in Prince William County, Virginia

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dc.contributor.authorFung, Cherylen
dc.contributor.committeechairJohnson, Thomas G.en
dc.contributor.committeememberKerns, Waldon R.en
dc.contributor.committeememberTaylor, Daniel B.en
dc.contributor.departmentAgricultural and Applied Economicsen
dc.date.accessioned2014-03-14T21:34:31Zen
dc.date.adate2009-04-25en
dc.date.available2014-03-14T21:34:31Zen
dc.date.issued1995-11-15en
dc.date.rdate2009-04-25en
dc.date.sdate2009-04-25en
dc.description.abstractConcern that high property taxation of agricultural land encourages its conversion to nonagricultural uses has led to the adoption of use-value taxation practices. Use-value taxation has had mixed results as a deterrent to the conversion of agricultural and open space land. It has been argued that use-value taxation does not succeed in retaining open space along the rura1-urban fringe (Stocker 1975; Ferguson), and further that such programs may actually lower the community's property tax base significantly (Tiebout; Anderson 1993). Additionally, when land is taxed by its use-value rather than market-value, the local tax base declines curtailing local public services and consequently reducing the attractiveness of the community for residential, commercial and industrial land uses (Abeyratne and Johnson, Bickerdike, Netzer, Oates). This study seeks to determine the fiscal impacts of use-value taxation and incurred and immediate revenues generated by a particular land use project. By comparing the net impact on the property tax rate of different land uses, the effectiveness of land use taxation policies for communities can be determined. The fiscal impact of alternative land uses are measured using The Virginia Impact Projection (VIP) model. The empirical models employed are based on a static cross-sectional econometric analysis of Virginia counties initially developed by Johnson and Keeling and updated for the current analysis using more recent data. The empirical equations are used to construct a fiscal impact assessment (simulation) model. The simulation model allows the comparison of impact and baseline scenarios developed using alternative land uses. It was found that the impact of farmland enrollment in use-value assessment programs is not as large when net impacts are considered rather than sole consideration of the direct property tax revenue changes.en
dc.description.degreeMaster of Scienceen
dc.format.extentviii, 101 leavesen
dc.format.mediumBTDen
dc.format.mimetypeapplication/pdfen
dc.identifier.otheretd-04252009-040811en
dc.identifier.sourceurlhttp://scholar.lib.vt.edu/theses/available/etd-04252009-040811/en
dc.identifier.urihttp://hdl.handle.net/10919/42232en
dc.language.isoenen
dc.publisherVirginia Techen
dc.relation.haspartLD5655.V855_1995.F864.pdfen
dc.relation.isformatofOCLC# 34783753en
dc.rightsIn Copyrighten
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/en
dc.subjectExpenditures and useen
dc.subjectrevenuesen
dc.subjectreal property tax baseen
dc.subjectmarket value of real propertyen
dc.subjectassessed value of real propertyen
dc.subjectproportion of agricultural property in total propertyen
dc.subjectVirginia Impact Projection (VIP) modelen
dc.subjecteffective assessment rate of agricultural propertyen
dc.subjectexemptionsen
dc.subjectfiscal impact analysisen
dc.subject.lccLD5655.V855 1995.F864en
dc.titleThe fiscal impacts of use-value taxation in Prince William County, Virginiaen
dc.typeThesisen
dc.type.dcmitypeTexten
thesis.degree.disciplineAgricultural and Applied Economicsen
thesis.degree.grantorVirginia Polytechnic Institute and State Universityen
thesis.degree.levelmastersen
thesis.degree.nameMaster of Scienceen

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