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how does that work with agriculture or other land uses that don't build? do those people get taxed higher because they don't build?
by greenie_beans 2y ago
how does that work with agriculture or other land uses that don't build? do those people get taxed higher because they don't build?
- xvedejas 2y agoLand that is far away from developed land will tend to have lower land values, so farmland would not be so highly taxed under LVT. It's mostly land that benefits from being close to development that would be taxed higher.
- hibikir 2y agoAgricultural land is far from large population centers, so the value is relatively constrained. The real losers on an LVT is not those owning rural land, but the operators of a surface lot near a stadium, or people living in mansions in the innermost suburb ring.
- greenie_beans 2y agowhat about urban agriculture and public parks etc? buildings are not thing only valuable land use in an urban center.
- AlexandrB 2y agoI don't imagine the government is going to collect taxes from itself for public parks. There is the opportunity cost of lost revenue of course.
- greenie_beans 2y agowhat about privately owned parks or nature centers? i lived in an urban area with a privately held non-profit nature center nearby and it was an important component in my quality of life.
- fknorangesite 2y agoi.e., people for whom my violin is very tiny.
- aqueueaqueue 2y agoAustralia values every single lot of land for rates (aka council tax). So it is possible with some good stats nerds to figure it out. But these values take into consideration zoning. So if you are ona residential block it is valued as such. But it would not be hard to figure out what it would be worth as high density. So the valuation problem is easily doable. Also in Australia each state does it independently.
- dmoy 2y ago> Also in Australia each state does it independently. In the US this is typically done at the county level (3000+ individual counties, all doing it independently)
- 01HNNWZ0MV43FF 2y agoNo, but they're also not punished if they do build
- sooheon 2y agoThey get taxed less, because instead of taxing their produce and income, their land is taxed, and agro land is very cheap. On a quick google, I can find a 140 acre alfalfa farm in Idaho for $1.4MM ($100k/acre), and a 0.07 acre empty residential dirt lot in NY for $4MM ($54MM/acre).
- ProllyInfamous 2y agoThat Idaho farmland ($10,000/acre!!!) is still quite expensive... for farmland. Family just bought 20+ acres, forested, for about $15,000/acre... within 15 minutes of a MSA500k+population's downtown area.