| Title | Value Capture: Special Assessments: An Introduction |
|---|---|
| Record ID | 74792 |
| Personal Name Contributor |
Bishop, Thay |
| Corporate Creator | United States. Department of Transportation. Federal Highway Administration. Office of Innovative Program Delivery |
| Publisher | United States. Department of Transportation. Federal Highway Administration. Office of Innovative Program Delivery |
| Publication Date | 20170101 |
| Language | English |
| Abstract | Special assessments are a form of value capture. They involve assessing incremental property taxes on land and buildings deriving direct benefits as a result of a transportation improvement. The tax levied typically represents a portion of the estimated benefit to the properties located with a designated zone in close proximity to the improvement. Special assessments – also known as benefit assessments or special taxes – are one of the most prominent forms of value capture in the United States. Legally, special assessments are a form of remuneration that a public agency may require from property owners to provide revenue to fund a public project which creates benefits for properties within a designated assessment district. In addition to transportation improvements, special assessments may also be used in other sectors, including water and waste water. |
| Rosap ID | dot:55668 |
| Rosap URL | https://rosap.ntl.bts.gov/view/dot/55668 |
| TRT Terms | Value capture; Improvements; Land values; Assessments |
| Geographical Coverage |
United States |
| Resource type | Brief |
| URL | https://ntlrepository.blob.core.windows.net/lib/74000/74700/74792/program_value_cap_special_assessment.pdf |
| Format | |
| Database | NTL Digital Repository |