Land Flashcards
Land use conversion
Occurs whenever the underlying bid rent functions shift. Main sources are increasing urbanization and industrialization and rising productivity of remaining land
Sprawl
Occurs when land use ina particular are are inefficiently dispersed
Leapfrogging
Refers to a situation in which new development continues not on the very edge of the current development but further out
The public infrastructure problem
Inefficiently low transportation costs that haven’t been internalized can create inefficient favours over more distant locations
Zoning
Involves land use restrictions enacted via an ordinance by local government to create districts that establish permitted and special land uses. Promotes urban sprawl
Property tax problem
2 components: the tax rate and the tax base. The tax base is determined either by the market value or an accessor. When this tax doesn’t reflect the current activity’s use tinder by the revenue from that tax, a bias can be created against land intensive activities.
Inheritance tax problem
When this tax doesn’t reflect the current activity’s use the choice of a funding mechanism can create a bias against land intensive activities
Establishing property rights
Can mitigate the problems of over exploitation that occur when land is merely allocated kms. First come first served basis
Transferable development rights
Maggie for shifting residential development from 1 portion of a community to another
Wetlands banking
Provides incentives for creating offsite eauivilant wetlands services when adverse impacts are h a likeable or when on site compensation is favourable
Conservation banking
Parcel of land containing natural resources values that are conserved and managed, in perpetuity through a conservation easement held by an entity responsible for enforcing the terms
Safe harbour agreements
Means of conserving endangered and threatened species on privately owned land
Grazing rights
Taylor grazing act of 1934 attempted to prevent overgrazing by setting up a system that involving the issuance of grazing permits to farmers
Conservation easements
Legal agreement btw a landowner and private or public whwnevy that limited uses of the land in order to protect its conservation values
Land trusts
NGO that actively works to conserve land using a variety of means. Focuses on using land for housing and community service rather than land conservation
