Experts Discussed Mechanisms for Land Value Capture
The TRIM Center hosted a roundtable discussion titled “Land Value Capture in Russia: From Existing Mechanisms to a National Model.
The discussion centered around a presentation by Sergey Alfyorov, the TRIM Center's Lead Analyst, on Land Value Capture (LVC), a set of policy tools that enable governments to recover a portion of increases in land and property values for reinvestment in infrastructure and local development. The presentation reviewed international LVC practices alongside Russia's existing policy framework, including instruments based on cadastral land valuation and property taxation, as well as targeted mechanisms for capturing land value gains.
Expert presentations focused on strengthening LVC mechanisms in Russia, international practice, regulatory approaches, the role of cadastral land valuation, and digital platforms for implementing and managing these mechanisms.
Key Takeaways from the Discussion
There is no one-size-fits-all model for LVC. Countries employ a range of policy instruments, including land-based charges, transit value capture mechanisms, developer obligations, and special assessments. The effectiveness of these instruments depends on each country's institutional and legal framework.
Russia's LVC framework is already taking shape through a combination of policy instruments. The current toolkit includes integrated territorial development, cadastral land valuation and property tax mechanisms, charges for changes in permitted land use, infrastructure agreements, and infrastructure charges. The next step is to refine these instruments and integrate them into a coherent national framework.
Russia's legal framework for LVC remains fragmented and requires further development. Existing mechanisms are governed by different regulatory frameworks, highlighting the need for continued policy dialogue and the establishment of common principles for LVC regulation.
Expert presentations focused on strengthening LVC mechanisms in Russia, international practice, regulatory approaches, the role of cadastral land valuation, and digital platforms for implementing and managing these mechanisms.
Key Takeaways from the Discussion
There is no one-size-fits-all model for LVC. Countries employ a range of policy instruments, including land-based charges, transit value capture mechanisms, developer obligations, and special assessments. The effectiveness of these instruments depends on each country's institutional and legal framework.
Russia's LVC framework is already taking shape through a combination of policy instruments. The current toolkit includes integrated territorial development, cadastral land valuation and property tax mechanisms, charges for changes in permitted land use, infrastructure agreements, and infrastructure charges. The next step is to refine these instruments and integrate them into a coherent national framework.
Russia's legal framework for LVC remains fragmented and requires further development. Existing mechanisms are governed by different regulatory frameworks, highlighting the need for continued policy dialogue and the establishment of common principles for LVC regulation.
