Landmarks preservation & the property tax : assessing landmark buildings for real taxation purposes / David Listokin ; with Alan Nealgus, Jessica Winslow, James Nemeth.

Format:

Book

Author/Creator:

Listokin, David, author.

Neaigus, Alan, author.

Winslow, Jessica, author.

Németh, James, author.

Contributor:

Rutgers University. Center for Urban Policy Research.

New York Landmarks Conservancy.

Language:

English

Subjects (All):

Historic buildings--Taxation--Law and legislation--United States.

Historic buildings.

Historic buildings--Taxation--Law and legislation--New York (State)--New York.

Historic sites--Law and legislation--United States.

Historic sites.

Historic sites--Law and legislation--New York (State)--New York.

Real property and taxation--United States.

Real property and taxation.

Real property and taxation--New York (State)--New York.

Real property tax--United States.

Real property tax.

Real property tax--New York (State)--New York.

Physical Description:

1 online resource (256 pages) : illustrations

Edition:

1st ed.

Place of Publication:

London : Routledge, 2017.

Summary:

Historic preservation is an issue of growing importance and public commitment. Federal and state mechanisms have been established to identify and support historic buildings/sites, while local governments have been active in supporting and protecting historic resources. Communities across the country have established designation programs whereby individual buildings or districts of historical-architectural significance are accorded landmark status. Designation activity has been accompanied by growing interest in other local incentives/disincentives to the support of historic buildings. In this regard, the property tax is viewed as either a possible powerful drawback to or a catalyst of preservation. This study examines the relationship between historic preservation and the property tax, focusing on the question of how designated buildings should be assessed for real taxation purposes. Listokin focuses on New York City in considering the effects of historic status on property value and in evaluating assessment practices. But this book's findings are transferrable to other communities because the base conditions are similar. Many other cities have designation programs modeled on New York City's. In addition, New York's property-tax system and administrative processes resemble those found in communities across the nation. To enhance the transferability of this study's findings, Listokin refers to the national experience and literature, typically on a side-by-side basis with the New York City counterpart.

Contents:

Historic preservation, property tax, and landmark assessment : background and issues

Landmark designation and property value : summary of the literature

Property-tax assessment of landmark buildings : prevailing practice and implications

Assessment of landmark properties : New York City case studies

New York City property-tax structure and administration

Policy and procedural recommendations for assessing New York City landmark properties

Landmark properties and the property tax : national statutory survey and survey of practice

Landmark properties and the property tax : annotated bibliography.

Notes:

Description based on online resource; title from PDF title page (ebrary, viewed August 4, 2017).

ISBN:

1-351-50985-3

1-351-50986-1