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> Land value taxes don't destroy natural land. They'd probably preserve it. Consider a farm on the edge of town. Without LVT, the incentive to sell could be co
by smallerfish 3y ago
> Land value taxes don't destroy natural land. They'd probably preserve it.
Consider a farm on the edge of town. Without LVT, the incentive to sell could be considered positive; i.e. the farmer may sell when they're offered sufficient money for it. With LVT, the incentive to sell could be considered negative; they will be charged more and more in taxes from the state as the town develops up to the boundary of the farm until they can no longer afford _not_ to sell. That means that there is a built in sprawl function to LVT - towns will continue eating up the countryside as their centers push value of land up around them.
- ufocia 3y agoIn some places farms already pay LVT like real estate taxes. Their real estate taxes are based on the value of potential farming operations on the land.