Only partially true. You pay a *property* tax, which does sometimes have a land component to it, but mostly is a tax on the purchase price of your home. A Geor

Only partially true. You pay a *property* tax, which does sometimes have a land component to it, but mostly is a tax on the purchase price of your home. A Georgist-style land tax proposes a tax on solely the land, so a 2000sq-ft lot is the same regardless of a $10mil home or not. This would require an appraiser that regularly re-evaluates the value of the land-- but we already do that! But with homes. Furthermore, a property tax still leaves open lots of tax-shenanigans. "Look, my home is actually worth half the appraised price, thus I should be taxed half." It's harder to do so with land, since you can't easily "hide"/play tricks with its value from a regulator.