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RSF Staff

Vacant Land Usage and LLCs in New York City

LLCs are a way to combine the benefits of a traditional corporate structure with enhanced anonymity and reduced tax-liability, making them the ideal method for limiting risk while at the same time maximizing profits. This incentivizes land speculation rather than reinvestment in the land in the form of development. At the same time, LLCs provide no incentive to improve the properties they own, leaving many areas of NYC blighted and underutilized. This has obvious negative consequences for the neighborhoods in which they are located. Because LLC owners are anonymous, there is no way to exert pressure on them to either improve or sell their properties. This is why this tool is such an important means to increasing transparency and accountability in LLC ownership.

For there to be transparency and accountability, however, it’s important that the pertinent information is accessible to the public. Again, this is where the CPTR mapping tool comes in. It identifies vacant and underutilized parcels in NYC and illuminates them on an interactive map which allows anyone to see if a parcel is owned by an LLC or privately owned.

Review: Daniel Mandell, The Lost Tradition of Economic Equality in America: 1600 to 1870. Baltimore: Johns Hopkins University Press (2020)

Historian Daniel Mandell’s fourth and most recent book is an important contribution to studies about the relationship between property, wealth, and history. Published in 2020, this book has not received the attention it deserves. The author has unearthed substantial new material, which along with roughly… Read More »Review: Daniel Mandell, The Lost Tradition of Economic Equality in America: 1600 to 1870. Baltimore: Johns Hopkins University Press (2020)

Tax Exemption in Roanoke, Virginia

“Statutorily exempt” is the term used to describe owners of land and buildings who, by virtue of their identities, are not required to pay property taxes. Their holdings are still assessed like everyone else’s but no bill is ever generated, despite the fact that they benefit from the same tax-funded amenities (like schools, roads, and public services) as everyone else. So while an organization’s tax exempt status may feel like a foregone conclusion, their savings aren’t actually free. As part of its commitment to transparency in taxation, CPTR explores the specific implications of tax exemptions for cities and towns across the country. This report is focused on the City of Roanoke, VA.

In the State of Virginia, statutorily exempt owners include religious institutions; federal, state, and city entities; public parks and libraries; charities; and more. Using the City’s 2021 tax data, it’s possible to understand exactly how this plays out in Roanoke.

Is a Land Value Tax Right for Roanoke, Virginia?

This report provides the results of a preliminary analysis to determine the on-the-ground effects of implementing a land value tax (LVT) in Roanoke, Virginia. While the findings contained herein give an accurate representation of changes in the general tax trends within the City that will result from the adoption of an LVT, CPTR recommends the conduct of a series of more detailed analyses to determine parcel-level and other effects before proceeding with adjustments to existing property tax codes, and is prepared to carry out this work with the participation and support of the City of Roanoke.

Is a Land Value Tax Right for Richmond, Virginia?

This report provides the results of a preliminary analysis to determine the on-the-ground effects of implementing a land value tax (LVT) in Richmond Virginia. While the findings contained herein give an accurate representation of changes in the general tax trends within the City that will result from the adoption of an LVT, CPTR recommends the conduct of a series of more detailed analyses to determine parcel-level and other effects before proceeding with adjustments to existing property tax codes, and is prepared to carry out this work with the participation and support of the City of Richmond.

Robert Schalkenbach Foundation

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Phone: (973) 434-0005
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The Robert Schalkenbach Foundation is a 501(c)(3) organization.
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