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Property 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 align
by Junk_Collector 8y ago
Property 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.