This report provides a review of land value capture's antecedents in Latin America and its longstanding presence in the urban planning agenda. It also examines a variety of land value capture instruments including: property taxation and betterment contributions; exactions and charges for building rights; and large-scale approaches such as the development of public land through privatization or acquisition.
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Martim O. Smolka is senior fellow and director of the Program on Latin America and the Caribbean at the Lincoln Institute of Land Policy.
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