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.