unearned increment

noun

1. the increase in the value of property, especially land, due to natural causes, as growth of population, rather than to any labor or expenditure by the owner.

unearned increment

noun

1. a rise in the market value of landed property resulting from general economic factors

Word History and Origins

Origin of unearned increment¹

First recorded in 1870–75

Example Sentences

Taxes would go to the Chinese state, the land rent system would be corrected, and unearned increment would be confiscated under a somewhat novel tax scheme proposed by Sun Yat-sen.

From Project Gutenberg

Sun Yat-sen's opposition to the “unearned increment” shows the influence of the thought of Henry George.

From Project Gutenberg

Henry George gave Sun Yat-sen the idea of the unearned increment, but Sun Yat-sen, instead of accepting the whole body of doctrine that George put forth, simply kept this one idea, and built a novel land-policy of his own on it.

From Project Gutenberg

Some of the functions to be assigned to the people in a hsien are assessment, registration, taxation, and/or purchase of all lands in the hsien; the collection of all unearned increment on lands within the hsien; land profits to be subjected to collection by the hsien, and disbursement for public improvements, charitable work, or other public service.

From Project Gutenberg

Sun proposed an ingenious scheme for the government confiscation of unearned increment in an economy which would nevertheless permit private ownership of land.

From Project Gutenberg