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LVT implicitly incentivizes density. Assessors can determine your $1mm single family home close to a very dense business & housing district could potentially r
by mahyarm 11y ago
LVT implicitly incentivizes density. Assessors can determine your $1mm single family home close to a very dense business & housing district could potentially represent 12 $250k condos, which is $3mm of value and tax you as such. LVT would also not be based on the actual structures on the land, so it all about what the potential value of the usage of the land would be.
- hawkice 11y ago> LVT implicitly incentivizes density. Not necessarily, although that is certainly how it works in many residential situations. The general idea is removing the marginal disincentive for high-value _use_ of the land. Property taxes mean for every dollar you spend making something more awesome, you get taxed more. Instead, we should encourage awesomeness on the margin, and discourage people who use land that could be awesome in the least awesome ways.