Land Value Capture Toolkit For San Mateo County Cities
WHY LAND VALUE CAPTURE?
Land Value Capture refers to a range of public policy tools through which communities can recover and reinvest benefits from increased land value owing to public investment, private development, and other government actions.
The public sector contributes to rising land values in many ways: through the development of transit services and utilities for new developments, changes to the zoning code, and other incentives to spur development. The underlying principle of land value capture is that public action should accrue public benefits.