Can Land Value Rates help create better and more equitable towns and cities?
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Can Land Value Rates help create better and more equitable towns and cities?
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This week I am excited to share with you an interview with Jesse and Aidan from Common Ground Aotearoa, an advocacy group based in Te Whanganui a Tara – Wellington, which is advocating for a change in the rates system in the Capital.
Councils across New Zealand are facing serious challenges in being able to fund renewals, maintenance and growth of the infrastructure and services they provide. Most councils collect property rates (taxes), which are based on the total (capital) value of the property. Common Ground Aotearoa are seeking to change this and have rates based on the land value. In this podcast, we discuss the benefits of this approach, challenges to implementation and trade-offs against the existing approach
This was originally published on Substack on the 21st of November 2023. https://betterthingsarepossible.substack.com/p/can-land-value-rates-help-create