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> tax land values higher (e.g. raise property taxes). More specifically, taxing land irrespective of the value of what's built on top of it.
by kmicklas 10y ago
> tax land values higher (e.g. raise property taxes).
More specifically, taxing land irrespective of the value of what's built on top of it.
- crdoconnor 10y agoIdeally LVT, but it isn't necessarily prudent to spend political capital to set up an entirely new form of taxation. Property taxes are still a close enough approximation of LVT in cities like San Francisco, Vancouver and London where the majority of the value of a property is derived from its location.