Land value capture
The financing instrument put forward in this case is based on the principle of value capture. This principle can be described as the set of instruments that can capture all possible increases in land value and buildings, regardless of whether they qualify as taxes. It mainly focuses on capturing unearned benefits arising from actions other than those of the landowner. The resulting income can be earmarked for specific purposes. There is broad agreement on capturing increases in value from infrastructure improvements, public services and land use regulation.