Examining Institutional Challenges of Land Value Capture: The Case of Implementing Land-based Taxes in the Philippines
Sandra S. Samantela,
Karl Sam M. Maquiling
Abstract:Leveraging the increase in property values emerges as an innovative financing method, enabling property owners and developers to contribute to collective benefit. The special assessment tax or special levy is a land value capture tool used to recover the costs of government infrastructure projects. Despite its long-standing existence in the Philippines’ Local Government Code, it is underutilized and its potentials as revenue sources have not been realized. This qualitative study combines extensive literature r… Show more
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