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I think an LVT only works if property tax is removed. And getting every state to have less taxes will be rough. http://savingcommunities.org/issues/taxes/landv
by kart23 6y ago
I think an LVT only works if property tax is removed. And getting every state to have less taxes will be rough.
http://savingcommunities.org/issues/taxes/landvalue/ http://savingcommunities.org/issues/taxes/landvalue/
- Ericson2314 6y agoThat is a needless dichotomy. For a variety of reasons we want a smooth transition. Today: c(land value) + c(building value) = tax eventually: big(land value) + small(building value) = tax Just interpolate between those the obvious way.
- wmf 6y agoAn LVT at a high enough rate could generate the same revenue as current property taxes.
- ip26 6y agoLVT can levy the same amount of net revenue. It's just a different way of determining valuation. Large buildings in the desert come to pay less. Empty lots in the middle of downtown come to pay more.
- dragonwriter 6y agoLVT isn't a way of determining valuation, it's a restriction of what things you need to determine the value of.
- pydry 6y agoLVT essentially is a property tax, except it's designed to be fairer, harder to evade and more economically efficient (doesnt tax productive activity) than other forms of property tax. It would make little sense to have two kinds of property tax.