4 ms·
Property taxes and land value taxes are absolutely not the same. Unlike property taxes, land value taxes do not cause any deadweight costs, as the supply of lan
by taffer 8y ago
Property taxes and land value taxes are absolutely not the same. Unlike property taxes, land value taxes do not cause any deadweight costs, as the supply of land is fixed and can even increase allocational efficiency.
- Junk_Collector 8y agoProperty taxes require people to pay a portion of the assessed value of property they hold. Land value tax implies the existence of a third party with no aligned incentive that punishes you for not using your property in the manner they deem most suitable.
- namlem 8y agoIt's not that hard to assess land value objectively. You can just base it on neighboring properties.