> Land value depends mostly on public infrastructure paid with public funds - roads, subways, schools etc are all public goods that the property owner profits f

> Land value depends mostly on public infrastructure paid with public funds - roads, subways, schools etc are all public goods that the property owner profits from via price appreciation but the general taxpayer pays for Spot on. You could think of a city as a "service" that you consume by taking space. The more space you use the more you should pay every month. Even more so if you own a house and leave it unoccupied, because it's wasting public money invested in infrastructure.