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A key component of implementing a land value tax would that it would need to be coupled with reduced zoning restrictions. If a property owner decides to build
by jpao79 9y ago
A key component of implementing a land value tax would that it would need to be coupled with reduced zoning restrictions. If a property owner decides to build 20 story apartment next to my property which increases my property value and property taxes, but the council blocks my proposals for apartment development then that seems like it could get unfair pretty quickly.
- mschuster91 9y ago> If a property owner decides to build 20 story apartment next to my property which increases my property value and property taxes I'd bet that if your property has a single-family home on it and someone builds a huge 20-story block next to it, it will kill the value of your property, not rise it - shadow from the building, noise from construction, traffic, kids... IMHO "disruptive" buildings like this should not be allowed without careful thought. In this case, for example, the infrastructure simply might not be there to support a 20-story (or for what its worth even a small 4-story!) building: electricity, telco, water and sewage feeds will need expansion which means months of ripped-open roads, the roads themselves usually won't support the amount of additional cars or public transportation.
- tmnvix 9y agoIf you were prohibited from building a 20 story apartment block on your land but your neighbour was not, then your land would be worth less and subsequently you would be taxed less.