The Fiscal Impact of Alternative Land Uses in Macon County

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Creator
  • Jones, Jeremy L.
    • Other Affiliation: Research Assistant, Economics, Finance and International Business Department, Western Carolina University
  • Kask, Susan B.
    • Other Affiliation: Business and Economics Department, Warren Wilson College
Abstract
  • This paper uses the hedonic method to analyze the effect of land use change on local government property tax revenues and costs of property tax-supported services. A statistical model estimates the property value for alternative land uses which is used with the current property tax rate to estimate tax revenue for a typical parcel in each of three land use categories: residential, commercial, and agriculture/open-space. The per parcel average cost of tax supported services is calculated from county expenditures. Using these values a revenue to cost ratio is calculated for each land use and a scenario assuming the development of thirty acres of open space is discussed.
Date of publication
DOI
Resource type
  • Article
Rights statement
  • In Copyright
Journal title
  • Carolina Planning Journal
Journal volume
  • 27
Journal issue
  • 1
Page start
  • 13
Page end
  • 25
Language
  • English
Digital collection
  • Carolina Planning Journal

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