de baatbelasting

English translation: betterment tax/levy

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:de baatbelasting
English translation:betterment tax/levy
Entered by: Natalie Bowler-Geerinck

18:58 Sep 27, 2017
Dutch to English translations [PRO]
Law/Patents - Real Estate
Dutch term or phrase: de baatbelasting
de baatbelasting of daarmee verwante belastingen of heffingen, geheel of een evenredig gedeelte daarvan, indien en voor zover huurder is gebaat bij datgene op grond waarvan de aanslag of heffing wordt opgelegd;
Natalie Bowler-Geerinck
United Kingdom
Local time: 21:16
betterment tax/levy
Explanation:

betterment tax (in British)(noun):

a tax on an increase in the value of property effected by improvement

src: Collins English Dictionary. Copyright © HarperCollins Publishers

(https://www.collinsdictionary.com/dictionary/english/betterm... )
*****************************
"What is a Betterment Tax?
By Mike Parker

New road construction in your neighborhood might result in a betterment tax levy.

Real estate taxes are just another part of owning a home or business. The revenue generated by real estate taxes helps pay for local and state government operations and benefits the general population. Your local government might also levy a betterment tax against your real estate, but this tax is typically dedicated to specific projects and is not spent on the general budget.

Improvement
A "betterment" is a specific type of project performed by a government entity that improves a specific area. Projects that qualify as improvements will depend on the taxing jurisdiction. Examples of improvements might include new roads or sidewalks in a particular neighborhood. Repairing an existing road or maintaining an existing sidewalk are typically not considered improvements and would not usually result in a betterment tax assessment."

(http://budgeting.thenest.com/betterment-tax-23806.html )

*****************************
"Is 'betterment levy' a good idea?

It's an arbitrary revenue collection measure

A betterment levy is a tax that the state collects on a plot of land that its actions have in some way made 'better'. For instance, if building roads, metros or airports with public money leads to an appreciation in land prices in the vicinity of these projects, then landowners enjoy a windfall gain.

The proponents of a betterment levy argue this gain should be taxed much like winning a lottery (a purely speculative activity). Attractive and logical as it may sound, the idea has several problems and worrying implications. First, if there should be a 'betterment levy' should there also be a 'worsening subsidy'?"

(http://economictimes.indiatimes.com/articleshow/2124438.cms?... )

*****************************
"Betterment

[…]

In real estate, betterment (making better) is the increased value given to real property by causes for which a tenant or the public, but not the owner, is responsible; it is thus of the nature of unearned increment. When, for instance, some public improvement results in raising the value of a piece of private land, and the owner is thereby bettered through no merit of his own, he gains by the betterment, and many economists and politicians have sought to arrange, by taxation or otherwise, that the increased value shall come into the pocket of the public rather than into the owner's. A betterment tax would be assessed in order to divert from the owner of the property the profit thus accruing unearned to him. The whole problem is one of the incidence of taxation and the question of land values, and various applications of the principle of betterment have been tried in the United States and in England, raising considerable controversy from time to time.[1]

Prevention of real-estate bubbles
Germany managed to prevent a real-estate bubble when all others have experienced it thanks to its 10 years at length and 50% at valuation real-estate betterment tax: the German Betterment-Tax Law. Speculators are the main driver of real-estate bubbles. They borrow fiat money from the banks and invest it whenever they think the market can still go up. There's no effective limitation on how much money they can borrow or on how much the banks can lend them. This is a clear example of how prices are detached from actual need for the underlying asset. Speculators typically invest when the market is low, thus holding down the speculators for the entire duration of the economic cycle, of at typically 10 years, forces them to pay interest on that money throughout that period and further during the following up-cycle i.e. at least 15 years altogether. This impediment keeps the real-estate market stable at affordable prices." (https://en.wikipedia.org/wiki/Betterment )



--------------------------------------------------
Note added at 20 hrs (2017-09-28 14:59:45 GMT)
--------------------------------------------------

"Baatbelasting (art. 222 Gemw):

gemeentebelasting, gedurende ten hoogste dertig jaar geheven van onroeren-de zaken die door gemeentelijke werken zijn gebaat."

(Fockema Andreae's Juridisch Woordenboek)(just arrived via Amazon ;-)
Selected response from:

Michael Beijer
United Kingdom
Local time: 21:16
Grading comment
Thanks, Michael :)
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +2betterment tax/levy
Michael Beijer
Summary of reference entries provided
If one Googles the term.
writeaway
refs
Michael Beijer

Discussion entries: 1





  

Answers


13 hrs   confidence: Answerer confidence 5/5 peer agreement (net): +2
baatbelasting
betterment tax/levy


Explanation:

betterment tax (in British)(noun):

a tax on an increase in the value of property effected by improvement

src: Collins English Dictionary. Copyright © HarperCollins Publishers

(https://www.collinsdictionary.com/dictionary/english/betterm... )
*****************************
"What is a Betterment Tax?
By Mike Parker

New road construction in your neighborhood might result in a betterment tax levy.

Real estate taxes are just another part of owning a home or business. The revenue generated by real estate taxes helps pay for local and state government operations and benefits the general population. Your local government might also levy a betterment tax against your real estate, but this tax is typically dedicated to specific projects and is not spent on the general budget.

Improvement
A "betterment" is a specific type of project performed by a government entity that improves a specific area. Projects that qualify as improvements will depend on the taxing jurisdiction. Examples of improvements might include new roads or sidewalks in a particular neighborhood. Repairing an existing road or maintaining an existing sidewalk are typically not considered improvements and would not usually result in a betterment tax assessment."

(http://budgeting.thenest.com/betterment-tax-23806.html )

*****************************
"Is 'betterment levy' a good idea?

It's an arbitrary revenue collection measure

A betterment levy is a tax that the state collects on a plot of land that its actions have in some way made 'better'. For instance, if building roads, metros or airports with public money leads to an appreciation in land prices in the vicinity of these projects, then landowners enjoy a windfall gain.

The proponents of a betterment levy argue this gain should be taxed much like winning a lottery (a purely speculative activity). Attractive and logical as it may sound, the idea has several problems and worrying implications. First, if there should be a 'betterment levy' should there also be a 'worsening subsidy'?"

(http://economictimes.indiatimes.com/articleshow/2124438.cms?... )

*****************************
"Betterment

[…]

In real estate, betterment (making better) is the increased value given to real property by causes for which a tenant or the public, but not the owner, is responsible; it is thus of the nature of unearned increment. When, for instance, some public improvement results in raising the value of a piece of private land, and the owner is thereby bettered through no merit of his own, he gains by the betterment, and many economists and politicians have sought to arrange, by taxation or otherwise, that the increased value shall come into the pocket of the public rather than into the owner's. A betterment tax would be assessed in order to divert from the owner of the property the profit thus accruing unearned to him. The whole problem is one of the incidence of taxation and the question of land values, and various applications of the principle of betterment have been tried in the United States and in England, raising considerable controversy from time to time.[1]

Prevention of real-estate bubbles
Germany managed to prevent a real-estate bubble when all others have experienced it thanks to its 10 years at length and 50% at valuation real-estate betterment tax: the German Betterment-Tax Law. Speculators are the main driver of real-estate bubbles. They borrow fiat money from the banks and invest it whenever they think the market can still go up. There's no effective limitation on how much money they can borrow or on how much the banks can lend them. This is a clear example of how prices are detached from actual need for the underlying asset. Speculators typically invest when the market is low, thus holding down the speculators for the entire duration of the economic cycle, of at typically 10 years, forces them to pay interest on that money throughout that period and further during the following up-cycle i.e. at least 15 years altogether. This impediment keeps the real-estate market stable at affordable prices." (https://en.wikipedia.org/wiki/Betterment )



--------------------------------------------------
Note added at 20 hrs (2017-09-28 14:59:45 GMT)
--------------------------------------------------

"Baatbelasting (art. 222 Gemw):

gemeentebelasting, gedurende ten hoogste dertig jaar geheven van onroeren-de zaken die door gemeentelijke werken zijn gebaat."

(Fockema Andreae's Juridisch Woordenboek)(just arrived via Amazon ;-)

Example sentence(s):
  • New road construction in your neighborhood might result in a betterment tax levy.
  • Your local government might also levy a betterment tax against your real estate, but this tax is typically dedicated to specific projects and is not spent on the general budget.
Michael Beijer
United Kingdom
Local time: 21:16
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 84
Grading comment
Thanks, Michael :)

Peer comments on this answer (and responses from the answerer)
agree  Tina Vonhof: But this much information is not needed to make the meaning clear.
5 hrs
  -> ha ha, maybe not, but I like being thorough

agree  Barend van Zadelhoff: Good and balanced references: one for 'levy' and one for 'tax' :-) ; and a very interesting one on the prevention of the real-estate bubble in Germany. In Germany you need to bring in more personal capital as well when buying a house, another safeguard.
2 days 14 hrs
  -> Bedankt Barend!
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Reference comments


2 hrs peer agreement (net): +3
Reference: If one Googles the term.

Reference information:
https://www.proz.com/kudoz/dutch_to_english/government_polit...
Jun 18, 2010 - (KudoZ) Dutch to English translation of baatbelasting: betterment levy [Government / Politics (Law/Patents)].

Jurlex today:
baatbelasting
betterment levy (for recouping costs of servicing and infrastructure

Fel:
baatbelasting
betterment levy [property]


in het nederlands:
http://www.encyclo.nl/begrip/Baatbelasting

etc.

writeaway
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 19

Peer comments on this reference comment (and responses from the reference poster)
agree  Michael Beijer: oops, only just saw yrs after posting mine. oh well
54 mins
  -> And don't forget Kitty in the discussion box. She posted after me as well. The point is that this term is easy enough to find with a minimum amount of effort.
agree  Kitty Brussaard
2 hrs
agree  Tina Vonhof
17 hrs
Login to enter a peer comment (or grade)

3 hrs peer agreement (net): +1
Reference: refs

Reference information:
FELOnline:

baatbelasting =
betterment levy [property]

*****************************
JurLex:

baatbelasting =
betterment levy (for recouping costs of servicing and infrastructure)

*****************************
Le Docte:

baatbelasting de [Nederland] [fiscaal recht] =
FR: taxe (f) sur le droit de jouissance; impôt (m) communal sur l’accroissement de la valeur de certains immeubles
EN: betterment levy
DE: Nutzungsrechtsteuer f

*****************************
IATE:

• NL:
Term baatbelasting
Reliability 2 (Minimum reliability)
Term Ref. Nederland > Gemeentewet > Hoofdstuk XV De gemeentelijke belastingen > §2 Bijzondere bepalingen omtrent de onroerende-zaakbelastingen > Artikel 222, wetten.overheid.nl/BW... [30.11.2009]
Context Ter zake van de in een bepaald gedeelte van de gemeente gelegen onroerende zaak die gebaat is door voorzieningen die tot stand worden of zijn gebracht door of met medewerking van het gemeentebestuur, kan van degenen die van die onroerende zaak het genot hebben krachtens eigendom, bezit of beperkt recht, een baatbelasting worden geheven, waarbij de aan de voorzieningen verbonden lasten geheel of gedeeltelijk worden omgeslagen.
Context Ref. Nederland > Gemeentewet > Hoofdstuk XV De gemeentelijke belastingen > §2 Bijzondere bepalingen omtrent de onroerende-zaakbelastingen > Artikel 222, wetten.overheid.nl/BW... [30.11.2009]
Date 19/05/2014

• ENG:
Definition a contribution from beneficiaries in kind or cash, constituting a portion of unearned income due to benefits that accrue to land, in an area on which the government has invested or proposes to invest for development of irrigation, flood protection or drainage scheme for purpose of reclamation
Definition Ref. ICID

Term capital levy
Reliability 3 (Reliable)
Term Ref. ICID
Date 19/05/2014

Term contribution
Reliability 3 (Reliable)
Term Ref. ICID
Date 19/05/2014

Term inclusion fee
Reliability 3 (Reliable)
Term Ref. ICID
Date 19/05/2014

Term betterment levy
Reliability 3 (Reliable)
Term Ref. ICID
Context A betterment levy is a tax that the state collects on a plot of land that its actions have in some way made ‘better’. For instance, if building roads, metros or airports with public money leads to an appreciation in land prices in the vicinity of these projects, then landowners enjoy a windfall gain.
Context Ref. Is 'betterment levy' a good idea?, Shreekant Gupta, Professor, Delhi School of Economics, in The Economic Times Online, www.lkyspp.nus.edu.sg... [30.11.2009]
Date 19/05/2014

Michael Beijer
United Kingdom
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 84

Peer comments on this reference comment (and responses from the reference poster)
agree  Kitty Brussaard
1 hr
  -> Thanks!
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