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This report briefly reviews economic and finance literature on split rate property taxation as well as a case study of the District of Columbia\'s attempt to use value capture to fund a portion of a new Metrorail station. Split rate taxation charges a higher rate for land and a lower rate for buildings and their improvements. Value capture is a type of public financing that recovers value that public infrastructure generates for private land owners. This report compares a combination of these techniques, value capture split rate property taxes, with other techniques for transportation infrastructure finance and concludes that value capture split rate taxation can balance policy objectives for affordable housing, economic development, and environmental protection.