Landmarks Preservation and the Property Tax: Assessing Landmark Buildings for Real Taxation Purposes

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Center for Urban Policy Research, Rutgers University, 1982 - Law - 229 pages
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Historic preservation is an issue of growing importance and public commitment. Federal and state mechanisms have been established to identify and support historic buildings/sites, while local governments have been active in supporting and protecting historic resources. Communities across the country have established designation programs whereby individual buildings or districts of historical-architectural significance are accorded landmark status.

Designation activity has been accompanied by growing interest in other local incentives/disincentives to the support of historic buildings. In this regard, the property tax is viewed as either a possible powerful drawback to or a catalyst of preservation. This study examines the relationship between historic preservation and the property tax, focusing on the question of how designated buildings should be assessed for real taxation purposes.

Listokin focuses on New York City in considering the effects of historic status on property value and in evaluating assessment practices. But this book's findings are transferrable to other communities because the base conditions are similar. Many other cities have designation programs modeled on New York City's. In addition, New York's property-tax system and administrative processes resemble those found in communities across the nation. To enhance the transferability of this study's findings, Listokin refers to the national experience and literature, typically on a side-by-side basis with the New York City counterpart.

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New York City Landmark Designation
New York City Historic Districts Located in Manhattan
Landmark Properties and the Property Tax

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About the author (1982)

David Listokin is a professor at the Edward J. Bloustein School at Planning and Public Policy at Rutgers, The State University of New Jersey. There, he codirects the Center for Urban Policy Research. For over 40 years, he has conducted studies for international and national clients on the subjects of development impact assessment, historic preservation, public finance, land use and housing. He is the author of numerous monographs and articles on these subjects. His research on subdivision regulations were adopted in the New Jersey Residential Site Plan Improvement Standards and he contributed to New Jersey's "smart building" code to encourage building rehabilitation and historic preservation.

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