-
Property Tax Policy and Land-Use Change
- Land Economics
- University of Wisconsin Press
- Volume 84, Number 3, August 2008
- pp. 396-408
- Article
- Additional Information
In this study, we analyze the effect of property taxes on changes between agricultural, forestry, Conservation Reserve Program, and developed land uses in Louisiana. We estimate a random parameters logit model of land-use conversion from the National Resources Inventory plot data. Our results indicate that land-use changes are inelastic with respect to property taxes. Simulation shows that current use valuation policy, while slowing down development of rural lands, also affects changes between rural land uses.