3 ms·

And they pay more property tax.

• kaashif 4y ago
  Yeah, that's correct. But property tax also taxes improvements that the owner made themselves. This disincentivises improving land too much. The whole thing with Georgists and a land value tax is that it's specifically unearned wealth due to increases in unimproved land value that are taxed more.
  • nemo44x 4y ago
    The idea is the more and better improvements your property has the more you can afford to pay. I figure 50% of the reason they want a permit for any little thing is to ensure the tax assessor has a fresh view of the current state of improvements!