"Another broad meaning of capturing the value is the way by which a business retains value it has created in a prior step for its customers. This network explores whether land value increments (resulting directly or indirectly from public interventions) can be mobilized to mitigate urban poverty in general and improve the access to serviced land by low-income families in particular. These include situations where land tenure relationships are poorly defined, where land occupations are mostly irregular or illegal, and where significant land value increments are self-generated by the community, rather than by state action. "In addition of the use of value capture mechanisms to control urban growth and territorial expansion and to reduce the perverse effects of land speculation, we are interested in their applicability to circumstances characterized by the large-scale and persistent informality in land markets so typical in Latin America. The Lincoln Institute of Land Policy offers this perspective on value capture: "Value capture mechanisms are being implemented, with varying degrees of success, in several Latin American countries, while in other parts of the region the notion of value capture continues to meet with suspicion and resistance. Value capture can be thought of as a fully contained sub-set of land value tax, however with a much more focused domain of application as indicated here.
Public agencies, with proper preparation and foresight, can capture a portion of that profit using a variety of methods: 1) local improvement districts 2) public-private development of adjacent land 3) traffic impact fees 4) tax increment financing districts or 5) buying privately held land near transportation hubs that is zoned for low-density use on the open market, increasing the designated use density, then selling the land back to private developers on the open market, capturing the capital gain resulting from both the increase in designated use density and the presence of the transportation hub.
Transportation projects, for example, can increase adjacent land values, and thus generate an unearned profit for private landowners. Types of value capture include the following: using exactions, public easements, or other nonpossessory interests granted to the public or a public agency. using real estate taxes, impact fees, or other taxes levied upon landowners or indirectly by converting them to land-related benefits, e.g. The unearned increments, or increases in land value which otherwise profit private landowners without cost, may be captured directly by converting them into public revenue, e.g. It provides a means for internalizing the positive externalities of public investments, allowing public agencies to tax the direct beneficiaries of their investments, and/or provide benefits to the taxpayers which fund the investments but do not necessarily enjoy them directly. Value capture is a type of public financing where increases in private land values generated by public investments are all or in part “captured” or recouped by the public sector. Please help improve this article if you can. Trap and snare apply more commonly to physical seizing.This article may require cleanup to meet Wikipedia's quality standards. Trap, snare, entrap, and ensnare imply seizing by some device that holds the one caught at the mercy of the captor.
Specifically, catch implies the seizing of something in motion or in flight or in hiding.Ĭaught the dog as it ran by How do entrap and ensnare relate to one another, in the sense of capture?īoth entrap and ensnare more often are figurative.Įntrapped the witness with a trick questionĪ sting operation that ensnared burglars How is trap related to other words for capture? The words catch and capture are synonyms, but do differ in nuance. However, bag implies shooting down a fleeing or distant prey.īagged a brace of pheasants When is catch a more appropriate choice than capture? In some situations, the words bag and capture are roughly equivalent. While all these words mean "to come to possess or control by or as if by seizing," capture suggests taking by overcoming resistance or difficulty.Ĭapture an enemy stronghold In what contexts can bag take the place of capture? Some common synonyms of capture are bag, catch, ensnare, entrap, snare, and trap.
Frequently Asked Questions About capture How does the verb capture contrast with its synonyms?
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