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Land values are already captured in property taxes. There's certainly places where property taxes are too low and not doing enough to encourage better usage of
by seoaeu 6y ago
Land values are already captured in property taxes. There's certainly places where property taxes are too low and not doing enough to encourage better usage of the land, but that's straightforward to solve (though admittedly often not that easy politically)
- aeternum 6y agoPartially, but property taxes discourage improving the structures on the land as the property tax also increases based on the value of the structure. This is generally the opposite of what want. Renovations, upkeep, and property improvements are good things so why penalize them?
- kortilla 6y agoUntil property taxes stop taking into account the value of the structure, they are not equivalent at all.
- colinmhayes 6y agoProperty tax has horrid incentives. We want people to build more on expensive land, not less. LVT forces multi unit housing on prime spots.