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LVT is thrown around a lot, but rarely understood by its proponents. Can you explain who would value the land and by what method it would be valued in order to
by roymurdock 11y ago
LVT is thrown around a lot, but rarely understood by its proponents. Can you explain who would value the land and by what method it would be valued in order to guarantee fair payments from all parties? Would it completely replace the current property tax?
- eru 11y agohttp://kaalvtn.blogspot.com.au/ http://kaalvtn.blogspot.com.au/ has worked out some good answers for the UK. > Would it completely replace the current property tax? Of which country? There are lots of ways to implement LVT in different countries and different states (and it could even be implemented at even more local levels). I have a softspot for methods that ask the owner themselves to value the land, but apply mechanism to keep them honest. (Like, `you have to sell at the declared value to any comer.') But honestly, those are probably not even the most practical ones.