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Moving from property tax to land value tax would readily address that last point. This would incentivize turning unused land into tiny/mobile home parks - and
by yellowapple 6y ago
Moving from property tax to land value tax would readily address that last point. This would incentivize turning unused land into tiny/mobile home parks - and would further incentivize residents cooperatively owning that land in order to reduce overhead to a bare minimum.
- sokoloff 6y agoCramming more people into a land value taxed plot of land doesn’t address the school funding issue. Taxes exist to provide services. Finding ways to structure housing to minimize local taxes is just squeezing a balloon.
- francisofascii 6y agoLand value taxes help to prevent inflated real estate prices. The purpose is more than just providing services.
- sokoloff 6y agoWhen GP proposes using them to replace property taxes, they need to serve the role that property tax served.
- chrisco255 6y agoAre schools underfunded right now? I'm not aware of any such issues in my state.
- sokoloff 6y agoa. That depends on who you ask. I think ours are adequately funded as well now. b. My concern over school funding was if you cram more households into a given amount of tax, which was an explicit part of the strategy above, you create a school funding issue that wasn't there before. (I admit I was not explicit about that point and should have used another dozen words to make that clear.)
- yellowapple 6y ago> Cramming more people into a land value taxed plot of land doesn’t address the school funding issue. LVT itself addresses the school funding issue, since schools increase land value and therefore increase the tax revenues on that land value.
- Spooky23 6y agoFor the people on the internet who yak about LVT, it solves all problems.
- yellowapple 6y agoWell yeah, because it does ;)