That 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 valu

That 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.