Neoliberal urban segregation and property tax: A critical view of Santiago, Chile

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dc.contributor.authorLopez-Morales, Ernesto
dc.contributor.authorHerrera, Nicolas
dc.contributor.authorGarreton, Matias
dc.date.accessioned2025-01-20T16:07:55Z
dc.date.available2025-01-20T16:07:55Z
dc.date.issued2024
dc.description.abstractUrban property taxes are primordial land value capture mechanisms that can potentially redistribute public income to underprivileged areas in a city. However, in Santiago, Chile, a city with considerable socio-spatial segregation correlated with significant disparities in municipal budgets, social welfare, and intergenerational reproduction of wealth, the property tax system is weak to address this issue effectively. This study analyses the potential redistributive capacity of property taxes in Greater Santiago, comparing the evolution of real estate surplus values with municipal budgets. These results show that a 2% increase in property taxes would suffice to equalize per capita municipal budgets, essential to redistribute social welfare. In Chiles's neoliberal planning framework, we argue that weak property taxes are critical for the intergenerational reproduction of wealth and poverty in different municipalities. Property as capital is efficient for capturing unearned value in the long term and obtaining rental income, two mechanisms of inequality reproduction, as property accumulation is only feasible if it is not progressively taxed. In sum, this analysis of property taxes in Santiago contributes to the theoretical understanding of passive mechanisms of inequality reproduction in a neoliberal system and empirical support for a progressive increase of property taxes.
dc.fuente.origenWOS
dc.identifier.doi10.1177/0308518X241276871
dc.identifier.eissn1472-3409
dc.identifier.issn0308-518X
dc.identifier.urihttps://doi.org/10.1177/0308518X241276871
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/90034
dc.identifier.wosidWOS:001321628100001
dc.issue.numero6
dc.language.isoen
dc.pagina.final1840
dc.pagina.inicio1820
dc.revistaEnvironment and planning a-economy and space
dc.rightsacceso restringido
dc.subjectNeoliberalism
dc.subjecturban segregation
dc.subjectland value capture
dc.subjectproperty tax
dc.subject.ods11 Sustainable Cities and Communities
dc.subject.odspa11 Ciudades y comunidades sostenibles
dc.titleNeoliberal urban segregation and property tax: A critical view of Santiago, Chile
dc.typeartículo
dc.volumen56
sipa.indexWOS
sipa.trazabilidadWOS;2025-01-12
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