Light Rail, Land Values and Taxes

17 Pages Posted: 11 Sep 2017

Date Written: September 2017

Abstract

Land value gains attributable to the light rail system in Gold Coast, Australia, are estimated. Using a panel of statutory land valuations, a model of location‐specific gains allowing for price effects at multiple distances from stations across time is estimated. Total value gains to nearby landowners are in the range $240–$314 million, around a quarter of the project's capital cost. Scope to fund transport investment from value gains is apparent, and the city council and the state government have the administrative structures to recoup funds from benefiting landowners. Exemptions and budgeting practices mean little is recouped in practice.

Suggested Citation

Murray, Cameron, Light Rail, Land Values and Taxes (September 2017). Economic Record, Vol. 93, Issue 302, pp. 448-464, 2017. Available at SSRN: https://ssrn.com/abstract=3034012 or http://dx.doi.org/10.1111/1475-4932.12330

Cameron Murray (Contact Author)

The University of Sydney ( email )

University of Sydney
Sydney, NSW 2006
Australia

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
0
Abstract Views
186
PlumX Metrics