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> This is missing a key element:... This is where I get frustrated with Land Value Tax articles: They tend to ignore all of the complexity by sweeping it into
by PragmaticPulp 5y ago
> This is missing a key element:...
This is where I get frustrated with Land Value Tax articles: They tend to ignore all of the complexity by sweeping it into the idea that Land Value is something that can be accurately and arbitrarily assessed in a vacuum, without influence from politics, zoning or other real-world factors.
- larsiusprime 5y agoPart III will address this.
- pydry 5y agoUsually, such a valuation process commences with a measurement of the most and least valuable land within the taxation area. A few sites of intermediate value are then identified and used as "landmark" values. Other values are filled in between the landmark values. The data is then collated in a database and linked to a unique property reference number. Over time with the use of sales data the map should become more accurate. The assessment will only be close, of course, it'll never be "perfect".