| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
|
| Título: |
Farmland Preservation and Differential Taxation: Evaluating Optimal Policy Under Conditions of Uncertainty
|
| Autores: |
Johnston, Robert J.
|
| Data: |
2006-06-09
|
| Ano: |
2003
|
| Palavras-chave: |
Agricultural and Food Policy
|
| Resumo: |
Differential property tax policy for farmland is often set under conditions of uncertainty and limited information regarding landowners' objective functions. This study examines optimal differential tax policy for a parcel of agricultural land facing uncertain development, identifying instances in which common farmland taxation policies may be non-optimal. Optimal tax rates are characterized given three possible causes of uncertain development: exogenous offers from developers, tax-related reductions in landowner wealth, and a combination of these factors. Model results indicate that underlying causes of uncertain development are critical when seeking to assess the optimality of differential taxation policies, and the use of a single, time-invariant differential tax levy is rarely optimal given uncertain development.
|
| Tipo: |
Journal Article
|
| Idioma: |
Inglês
|
| Identificador: |
22284
http://purl.umn.edu/31621
|
| Editor: |
AgEcon Search
|
| Relação: |
Agricultural and Resource Economics Review>Volume 32, Number 2, October 2003
|
| Formato: |
11
application/pdf
|
|
