> if some city politicians can just vote for higher and higher taxes continuously The linked article ignores an important point that many LVT proponents tend t

> if some city politicians can just vote for higher and higher taxes continuously The linked article ignores an important point that many LVT proponents tend to ignore. How, and who, sets the value of your land? Current property taxes, any flaws aside, are fairly transparent and difficult to game. A property value is set based on comparable sales in the neighborhood. If the government decides to assess your 1500sqft house at $1M but every neighboring 1500sqft home has sold for 500K in the last year, you can very successfully appeal this wrong assessment. It has to be based on actual comparable sales, and that is difficult to cheat on because it is driven by the clearing price on the market on executed sales. A LVT is based on the theoretical value of your lot, on what it could be worth if some optimal but nonexistent building was there generating maximum revenue. But it is all speculation. This is very open to fraud and corruption.