In many respects, New York City is an unnatural wonder, quite unlike any other American city and also unlike megacities in other industrial countries. Its government and politics, its physical attributes-like the celebrated skyline and high population density-and many of its social characteristics-like the extraordinarily high percentage of the city's population that is foreign-born-are different. But New York City at the same time shares with other American cities an array of political and governmental institutions, practices, traditions, and pressures, ranging from the long dominance and then long decline in the role of party organizations in local government to the city's ultimate dependence on outside actors and forces to shape its political destiny.

Dick Netzer, a leading public finance economist specializing in state and local issues and urban government, brings together in this comprehensive volume essays by top scholars connecting the property tax with land use. They explore the idea that the property tax is used as a partial substitute for land use regulation and other policies designed to affect how land is utilized. Like many economists, the contributors see some type of property taxation as the more efficient means of helping to shape land use. Some of the essays analyze a conventional property tax, while others consider radically different systems of property taxation. The first paper sets the stage, modeling taxes on land and buildings in the context of a dynamic model of real estate markets. The remaining papers examine how various tax mechanisms and non-tax alternatives to regulating and determining land use, such as zoning and private neighborhood associations, complement or substitute for one another. Urban planners and economists interested in local public finance will welcome this comprehensive study.

In many respects, New York City is an unnatural wonder, quite unlike any other American city and also unlike megacities in other industrial countries. Its government and politics, its physical attributes-like the celebrated skyline and high population density-and many of its social characteristics-like the extraordinarily high percentage of the city's population that is foreign-born-are different. But New York City at the same time shares with other American cities an array of political and governmental institutions, practices, traditions, and pressures, ranging from the long dominance and then long decline in the role of party organizations in local government to the city's ultimate dependence on outside actors and forces to shape its political destiny.