3 ms·
This is why zoning reform should be coupled with a Land Value Tax
by no_wizard 3y ago
This is why zoning reform should be coupled with a Land Value Tax
- klempner 3y agoUnfortunately such a tax would be limited by prop 13 in California. While the proposals here can be implemented on a local level, any change to prop 13 would be a state level ballot proposition. (For the record, I'd love to see reform of prop 13. While I love the idea of smoothing out over a number of years the impact of sudden inflation or increases in local housing prices on existing residents, it should be a smoothing rather than an entitlement for long term owners of multi-million dollar homes to avoid property taxes.)