Special Topics in Planning: Economic Development: Goals, Strategies and Tools Thomas McKiernan's Explainer Video

Each fall semester, Cornell Visiting Lecturer, Tom Knipe teaches a Special Topics Course in Economic Development Planning. Tom is an alumnus of the Cornell Masters in Regional Planning Program, from which he graduated in 2011. Tom currently serves as the Director of Economic Development for the City of Ithaca, New York.

This semester, each of the students enrolled in Tom's Economic Development Planning Course, produced an 'explainer' video on a specific economic development tool.

In this explainer video, Cornell Masters in Regional Planning Student Thomas McKiernan explains the concept of split rate taxes and their application to effective economic development. A split rate tax applies varying tax rates to the taxable value of individual property. In practice, a higher rate is applied to the land value and a lower rate is applied to individual improvements and/or structures (Lincoln Institute of Land Policy).

Source: https://href.li/?https://www.lincolninst.edu/publications/other/split-rate-property-taxation-in-detroit