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Global Compendium of Land Value Capture Policies

image of Global Compendium of Land Value Capture Policies

The Global Compendium of Land Value Capture, a joint project by the OECD and the Lincoln Institute of Land Policy, is an ambitious undertaking to understand the full landscape of land value capture (LVC) instruments, how they are configured and deployed across the globe in OECD countries and non-OECD economies, and what it would take to unleash their full potential as a sustainable revenue source. Moreover, little systematic information is available about the LVC instruments that countries use and enabling frameworks at national and regional levels to guide local governments toward greater use. The report features an overview of the political contexts, legal frameworks, and LVC approaches used in 60 countries. Special attention is given to the differences and similarities between countries that have a mature LVC practice, versus countries that have nascent policies and allowances. This will help countries developing the capacity and competences for LVC to understand the opportunities, trade-offs, and pitfalls to avoid when configuring legal, governance, and planning frameworks and institutions to support the implementation of LVC policies.

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China, People’s Republic of

Several land value capture- instruments can be observed in China (). Given that all land is publicly-owned, strategic land management is a policy priority. Local governments have strong land banking systems and collect substantial revenues from selling land use rights. Local governments often charge developers for building at higher density (charges for development rights) and for the impacts that their projects have on local infrastructure (developer obligations). Land readjustment is frequently used to redevelop old city centers. There is no legal framework for infrastructure levy, reflecting the view that public services should be paid from the general budget.

English

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