Private Property and Takings Compensation

Private Property and Takings Compensation

Theoretical Framework and Empirical Analysis

Yun-chien Chang

This innovative volume offers a thorough breakdown of the issues surrounding takings compensation – payments made as reimbursement for government takeover of private property. Using examples from New York City and Taiwan, Yun-chien Chang discusses the advantages and disadvantages of different methods of compensation and offers insightful suggestions for future implementation.

Chapter 6: Taiwan 1954–77 and condemnees’ incentives

Yun-chien Chang

Subjects: economics and finance, law and economics, law - academic, law and economics, politics and public policy, public policy


This chapter empirically examines Taiwan’s ex ante self-assessment regime implemented in 1954–77, under which both property taxes and takings compensation are determined by landowner’s self-reported property value. Taiwan seems to be the only jurisdiction that has implemented a self-assessment regime of any kind and leaves enough data for empirical evaluation of the accuracy of such assessments. Taiwan’s regime is close to the ideal-type model described in Chapter 4; thus, this chapter can also test my theoretical claim that landowners will tend to underassess when the property tax rate is higher than the probability of takings.

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