The Fiscal Impact of Alternative Land Uses in Macon County

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

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