LVT has been used to revive declining areas because it disincentivizes what is happening in many of those places, which is rampant property speculation without

LVT has been used to revive declining areas because it disincentivizes what is happening in many of those places, which is rampant property speculation without actual improvements to the properties. Vacant lots taxed the same as improved lots is an incentive to improve the lot or sell it. And yes, where it has been implemented it often reduces the tax burden on people living in the area. There is a surprising amount of underutilized land in most of America, even urban areas. Look at a satellite map of Detroit for example.