KGLM 2235 - Land Value Capture Policies in Comparative Context

This course focuses on the mechanisms, potential, and challenges of land value capture. We will examine the politics, equity, and efficacy of the four main approaches: property and land taxation, real estate transfer taxes, betterment levies, and development charges. The course will highlight the challenges and tradeoffs of these mechanisms using examples from several international contexts - Brazil, the US, Mexico, Hong Kong, Ethiopia, and France. Students will be expected to prepare a brief case study evaluating an instrument of land value capture in terms of equity, efficiency, and political popularity.
Paavo MONKKONEN
Séminaire
English
Autumn 2024-2025
Students will be assessed on a written case study (40% of grade, due end of semester), a written exam (40%, end of semester), and class participation (20%, throughout).
6 x 2-hour sessions.
Echavarria, A. and Monkkonen, P. 2024. Challenges to Effective and Equitable Land Value Capture. UCLA Lewis Center.
Exerpts from George, Henry. 1895. Progress and Poverty.
Selected chapters from Hong, Yu-Hung, and Gregory K. Ingram, eds. 2012. Value Capture and Land Policies. Proceedings of the 2011 Land Policy Conference.
Dresch, Marla, and Steven Sheffrin. 1997. Who Pays for Development Fees and Exactions. Public Policy Institute of California.
Kim, Minjee. 2020. Upzoning and Value Capture: How U.S. Local Governments Use Land Use Regulation Power to Create and Capture Value from Real Estate Developments. Land Use Policy.
Brockmeyer, Anne, Alejandro Estefan, Karina Ramirez Arra, and Juan Carlos Suarez Serrato. 2021. Taxing Property in Developing Countries: Theory and Evidence from Mexico. National Bureau of Economic Research.
Christensen, Darin, and Francisco Garfias. 2020. The Politics of Property Taxation: Fiscal Infrastructure and Electoral Incentives in Brazil.
Chi‐Man Hui, E., Sze‐Mun Ho, V. and Kim‐Hin Ho, D. (2004), "Land value capture mechanisms in Hong Kong and Singapore: A comparative analysis", Journal of Property Investment & Finance, Vol. 22 No. 1, pp. 76-100.
Suzuki, Hiroaki, Jin Murakami, Yu-Hung Hong, and Beth Tamayose 2015. Financing Transit-Oriented Development with Land Values: Adapting Land Value Capture Instruments. The World Bank, Washington DC.
Mahendra, Anjali, Robin King, Erin Gray, Maria Hart, Laura Azeredo, Luana Betti, Surya Prakash, Amartya Deb, Elleni Ashebir, and Asmaa Ibrahim. 2020. Urban Land Value Capture in São Paulo, Addis Ababa, and Hyderabad: Differing Interpretations, Equity
Mouton, Morgan, Sophie Deraëve, Sonia Guelton, and Philippe Poinsot, 2023. Negotiated windfalls: Mapping how public actors pursue and share land-value capture in Nanterre-la-Folie, France, Land Use Policy, 131.