波哥大土地价值捕获：估价税案例研究（英）2025

Investment Rating - The report does not explicitly provide an investment rating for the industry analyzed Core Insights - Bogotá has utilized the valorization levy as a mechanism to finance urban transport projects, capturing increased land value resulting from infrastructure improvements [13][14] - The report highlights the historical context and legal framework that has enabled Bogotá to effectively implement land value capture strategies [50][51] - The analysis of various valorization programs from 1995 to 2018 reveals both successes and challenges in financing urban development through this levy [21][62] Summary by Sections Introduction - The introduction outlines the significance of land value capture in financing urban growth, particularly in cities with limited public resources [12][20] Literature Review - The economic foundation of land value capture is discussed, emphasizing how transport projects can justify the betterment levy by increasing mobility and land value [26][41] - The betterment levy is defined as a one-time payment by property owners benefiting from infrastructure improvements, contrasting it with recurring property taxes [42][44] Legal Foundations - Colombia's legal framework for valorization dates back to 1921, allowing municipalities to capture value from infrastructure investments [50][51] - The report details the evolution of laws governing the valorization levy and its implementation in Bogotá [53][54] Programs Financed Through the Valorization Levy - The report analyzes five key programs (1995, 2005, 2010, 2013, and 2018) that utilized the valorization levy, detailing their objectives, funding amounts, and outcomes [62][73] - The 2005 Mega Valorization Program is highlighted as a significant initiative, covering a wide range of transport projects across the city [73][74] Evolution of Tax Revenue - The report examines the evolution of tax revenue in Bogotá, including the impact of the valorization levy and congestion charging on overall fiscal health [6][27] - It emphasizes the importance of a well-structured cadaster for effective tax collection and the relationship between property values and the betterment levy [46][48] Lessons for Other Cities - Bogotá's experience with the betterment levy offers valuable lessons for other developing cities seeking to finance transport projects through value-capture instruments [16][21]