Opposite effect. Tax the land high enough, and you'd be losing money to just sit on it hoping it appreciates in value. You'd need to build something (like hou

Opposite effect. Tax the land high enough, and you'd be losing money to just sit on it hoping it appreciates in value. You'd need to build something (like housing) to make a positive return, so you're incentivized to do so. If you tax houses higher, people are directly incentivized to not build any, and instead just hold vacant land.