The idea is for the LVT to be high enough to make this behavior infeasible. So yes, they’d pay the same tax rate, but that rate is high enough that it’d be pro

The idea is for the LVT to be high enough to make this behavior infeasible. So yes, they’d pay the same tax rate, but that rate is high enough that it’d be prohibitively expensive to keep it in its current state for very long. They’d have to either turn it into something useful for the community (bring in more businesses or allow people to live there), or sell it to someone who will.