Research on Valuation of Land and Improvements in Philadelphia

Summary
The Philadelphia Controller's Office was investigating how a shift to a system that taxes land at higher rates and buildings at lower rates (land value taxation) would affect city taxpayers. The Cartographic Modeling Lab worked with economists at Drexel University to develop a spatial-temporal model for capturing neighborhood effects as determinants of real estate values.

External Funders
Philadelphia Controller's Office coordinated a group of outside funders

Collaborating Investigators
Steve Meyer (CML), Paul Jensen (Drexel University), Roger McCain (Drexel University)

Partnering Agencies
Philadelphia Controller's Office, Board of Revision of Taxes

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