> One analysis I’d like to see is how a pure LVT tax shifts the tax burden toward people with less valuable homes while giving a break to people with nicer home

> One analysis I’d like to see is how a pure LVT tax shifts the tax burden toward people with less valuable homes while giving a break to people with nicer homes. In practice this would end up being the opposite. Right now if you have two plots of land of the same size and one of them has a single big mansion while the other has a condo tower with 50 units, the mansion is valued at a million dollars and the condo tower is valued at 25 million dollars, implying that each of the condo units is $500k. So each of the condo units is being taxed half as much as the mansion, but the total for that plot of land is really 25 times as much. Under LVT they both pay the same for the land, but then the owner of the mansion is paying 100% of the tax on the land and each of the condo owners is paying 2% as much instead of 50% as much. You only get the result you're referring to if you have people building a single small house on a plot of land big enough for a mansion or large multi-unit building. But in that case why are they consuming so much land for such a small structure? Making inefficient use of high-value land is a luxury.