Property taxes and community land trusts: A middle ground

This Note explores the challenge of maintaining the affordability of homes situated on CLT land while ensuring that schools and other taxpayerfunded social services do not suffer in communities with a significant CLT presence. Part I outlines the typical features and goals of CLTs in the context of affordable housing. Part II elucidates the impact rising property taxes can have on the affordability of CLT land, especially in gentrifying areas. Part III examines the range of approaches states and municipalities take when assessing the value of CLT land and begins to explore the effects of these approaches on municipal revenue. Part IV proposes applying a new tax structure that will temper the negative ramifications of both extremes discussed in the preceding parts of the Note and briefly concludes.

Policy and Legislation
2013
Texas Law Review
The University of Texas School of Law

Main themes / areas of study

  • Affordable Housing
  • Community Land Trusts
  • Property Tax
  • Gentrification

Country

  • United States