It is a charge or levy on land-value gain caused by public works. The levy is generally in the form of an annual charge (like a property tax rate) against the increment in land values caused by a publicly financed infrastructure project.
It is a charge or levy on land-value gain caused by public works. The levy is generally in the form of an annual charge (like a property tax rate) against the increment in land values caused by a publicly financed infrastructure project.