If your land can be treated as an asset, then we don't really have LVT yet. The goal of LVT is to tax land to the point where it is no longer an appreciating as

If your land can be treated as an asset, then we don't really have LVT yet. The goal of LVT is to tax land to the point where it is no longer an appreciating asset (and, not too much that it becomes a liability)