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| Hite, Diane; Sohngen, Brent; Templeton, Josh. |
| Competing risks survival analysis is used to investigate tax and zoning policy impacts on residential, commercial, and industrial development timing in a rapidly growing Midwestern county. Industrial development appears both to precede and occur concurrently with residential development, while commercial development follows other types. Although residences appear to locate away from industrial land, zoning decisions favoring industry may attract rather than deter residential development within a jurisdiction. Regions with higher infrastructure taxes experience development later. Because school taxes fund local public goods important to homeowners, they have little influence on residential timing, but strong influences on industrial and commercial timing. |
| Tipo: Journal Article |
Palavras-chave: Land Economics/Use. |
| Ano: 2003 |
URL: http://purl.umn.edu/31350 |
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| Sohngen, Brent; Hite, Diane; Templeton, Josh. |
| This study explores how property taxes affect the timing of development. The theoretical literature suggests that higher taxes increase the time to development, although there is some disagreement in the literature. We present a simple theoretical model to motivate an empirical model that explores how land use change decisions are made over time. A hazard model is used to predict factors that influence the time to development over an 11-year period in an urbanizing county in the Midwestern corn belt. The results suggest that higher taxes slow development, as expected. Over the 11-year period for our sample, we predict that 25% more agricultural land would have converted to development if taxes had not risen. We also find, however, that the effects are... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Land Economics/Use. |
| Ano: 2001 |
URL: http://purl.umn.edu/20773 |
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| Hite, Diane; Sohngen, Brent; Simpson, John W.; Templeton, Josh. |
| The rapid change in the character of land use in traditional agricultural regions of the Midwest has led to public concern in recent years. As a result, policy makers have attempted to forge novel ways to cope with problems associated with loss of farmland and the encroachment of urban/suburban sprawl. Some of the policies that have been implemented or suggested in a number of jurisdictions include purchase of development right programs, impact fees, agricultural zoning, and preferred tax treatment for agricultural land uses, among others. In this paper, we explore the forces that promote land use change in order to help public officials make informed decisions on policy implementation. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Land Economics/Use. |
| Ano: 2000 |
URL: http://purl.umn.edu/21719 |
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