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.
Denmark
Infrastructure levy, land readjustment, and strategic land management are the land value capture instruments systematically used in the country (). In Copenhagen, property owners who benefit from adjacent public improvements such as subway expansion have to pay an infrastructure levy. The government adopts land readjustment in large-scale development projects. Charges for development rights allow higher density projects in exchange for affordable and social housing. Strategic land management is a key tool for forward-looking urban development and planning.
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