Building Permit Data Results
What happened when Harrisburg, Pa expanded its LVT from a tax rate ratio of 5 to 1, to 6 to 1 in 2001? Census Bureau data suggests that new residential construction increased, while a better situated city, Albany, NY started to lag. To compare apples to apples, we present the information per capita, as Albany is larger both in population and land area. Yet, in most other respects, these are analogous communities, using the same Economic Development tools, except for land value tax.
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Residential Building Permits Chart
- As the US economy came out of the post-2001 malaise, a construction boom hit, which tailed off in 2006. Did two similar cities benefit from cheap money and eager builders?
A Tale of Two Cities: Johnstown and Altoona
