4 ms·
It's the same in Australia. It seems like a pretty sensible way to encourage the best use of high value land.
by Yodel0914 3y ago
It's the same in Australia. It seems like a pretty sensible way to encourage the best use of high value land.
- phkahler 3y agoBut who gets to decide the best use? It seems like everyone but the owner.
- Gigachad 3y agoThe market.
- latency-guy2 3y agoThe government is not the market.
- Gigachad 3y agoThe government doesn't set the lands market value
- lalaland1125 3y agoThe market does by pricing the land at a certain value
- itishappy 3y agoYes the owner. Who else? They own it. Edit: Was the stress on "decides" or "best"?
- epistasis 3y agoIt is only the owner who gets to decide the best use, whatever they want! But the land value is determined by what others are willing to pay to no longer be excluded from the area, or to be given a spot in the area.
- eru 3y agoOnly some parts of Australia, isn't it? They also have silly things like stamp duty, which is a sin tax on giving land to someone who has a better use for it.
- Yodel0914 3y agoLand tax is a state level tax, so I'm not sure if it's everywhere. Stamp duty is ridiculous though, I agree.