1. WHAT IS VALUE CAPTURE?
Land Value Capture is an intervention in land markets using fiscal and regulatory tools which contributes to making cities and towns more efficient and sustainable.
Land Value Capture refers to the capturing of all or part of the increments in land value that result from community or public investment in infrastructure, services, population growth, land use changes, etc., rather than from private investments. The increment in land value is recouped or captured, in full or in part by converting it into a public revenue or benefit through the use of fiscal and regulatory tools. Fiscal tools for value capture are taxes, fees, tariffs, contributions and other measures paid by private landowners while regulatory tools (or land management tools) are exactions, incentive zoning, on-site improvements that benefit the community, the public, or residents in general which the landowner essentially finances out of his/her increased land values.