New London LVT Data
This Section provides a number of maps and graphs which illustrate what is under consideration for implementing Land Value Taxation Pilot in New London.
Terms and Order of Map Links below
Two-rate Approach represents a shift of 10% off of building value to land
Assessment Exemption to Improvment Approach (AX)
- Using median building assessment (in NL $50,000) a universal abatement of $50,000
- Using a 5% universal abatement on all building assessments
Two-rate + AX would apply the two-rate and then the $50,000 universal abatement
These approaches were then applied to the City Business District Only and to the entire City to determine outcomes.
Terms and Order of Map Links below
Two-rate Approach represents a shift of 10% off of building value to land
Assessment Exemption to Improvment Approach (AX)
- Using median building assessment (in NL $50,000) a universal abatement of $50,000
- Using a 5% universal abatement on all building assessments
Two-rate + AX would apply the two-rate and then the $50,000 universal abatement
These approaches were then applied to the City Business District Only and to the entire City to determine outcomes.
| axi_outcome_map_by_dollar_change_12-2009.pdf |
| axi_5_outcome_map_by_dollar_change_12-2009.pdf |
| axi_and_two-rate_outcomemap_by_dollar_change_12-2009.pdf |
Below are aggregate bar charts showing the difference in $ and % savings vs paying for each of the models.
| nl_all_outcomes_comparison.pdf |
| nl_all_outcomes_by_tax_class.pdf |
