Land values change in planning processes. Accountancy regulations define the book value of land held by local authorities. This affects the evaluation of alternative lines of action in land development, and in this way, the land policy of local authorities. This paper reflects on the case of the Netherlands, which has a well-established tradition of public land development. Traditionally, valuation has been based on historic costs: the prices for acquisition and costs of infrastructure provision paid in the past, and not the current exchange values. Losses foreseen must be taken immediately; profits can only be booked after they have been made. This paper analyses the changes in these accountancy regulations over time and studies their impact on the economic position of local authorities. It considers both regulations as the outcomes of these as being found in administrative records and the practice in the City of Enschede where there was a difference between the official value as recorded in the books and the value that was the basis for decision-making. The paper discusses the impact on land policy. There is a tension between regulations that more-and-more aim for a direct reflection of property market volatility in the books and the aim of local authorities to present financial stability. This may contribute to less financial involvement in land policies.

中文翻译：

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在土地政策中评估公共土地：会计法规的作用


土地价值在规划过程中发生变化。会计法规定义了地方当局持有的土地的账面价值。这影响了对土地开发替代行动方针的评估，从而影响了地方当局的土地政策。本文反思了荷兰的案例，该国在公共土地开发方面有着悠久的传统。传统上，估值基于历史成本：过去支付的收购价格和基础设施供应成本，而不是当前的交换价值。必须立即承担预见的损失；利润只有在产生后才能入账。本文分析了这些会计法规随时间的变化，并研究了它们对地方当局经济地位的影响。它认为这两项法规都是行政记录和恩斯赫德市实践中发现的结果，其中账簿中记录的官方值与决策基础的值之间存在差异。本文讨论了对土地政策的影响。越来越多的监管旨在直接反映账面上房地产市场的波动性，而地方当局则希望保持金融稳定，两者之间存在着紧张关系。这可能有助于减少土地政策中的财政参与。