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Good article. The land tax is probably the preferred tax of libertarians, and it does make sense in many cases. But in the case of cities with vastly higher mun
by Wyndtroy2012 8y ago
Good article. The land tax is probably the preferred tax of libertarians, and it does make sense in many cases. But in the case of cities with vastly higher municipal costs than its neighboring jurisdictions, the land tax would still be high enough to ward off new residents, which would just work to keep rents too low, etc. The city will have to see where its costs are, get them under control if possible, and grow its "brand." There are a lot of things that are attractive to a city as opposed to the suburbs, but the negatives would need to be dealt with, too.
- rocqua 8y agoA land tax with the same total revenue of a property tax benefits those with houses that are expensive w.r.t. the landvot sits on. This means some people would be worse of, and some better of. In general, it drives high density and quality development. I might speculate that this will increase demand for housing, which would push up land value.