Kōrero: Economic thought

Christchurch rates, 1907/8

Christchurch rates, 1907/8

This document from 1907/8 shows how ratepayers’ assets were valued to determine their rates. Everywhere throughout the document are the words ‘Unimproved Value’. Unimproved value refers to the likely value of a piece of land without improvements such as houses, fencing or levelling. This manner of valuing land for taxation was linked to economic thought at the time. If a landowner developed land it seemed unjust to penalise him.

Using this item

Christchurch City Libraries
Reference: City of Christchurch yearbook, 1907-1908, p. 21

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Me pēnei te tohu i te whārangi:

Gary Hawke, 'Economic thought - Single tax', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/mi/photograph/22296/christchurch-rates-19078 (accessed 16 July 2019)

Story by Gary Hawke, published 11 Mar 2010