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The 'simplest' method is to allow landowners to declare the value of the land they own. Tax based on this value and let governments buy at the stated land value
by marksbrown 1y ago
The 'simplest' method is to allow landowners to declare the value of the land they own. Tax based on this value and let governments buy at the stated land value. Everything else is fluff.
- RandomLensman 1y agoWhy are generally forced land sales to the government a desirable thing?
- marksbrown 1y agoIn the UK we allow it for various national infrastructure projects. This approach would allow for far better estimates of costs.
- paulryanrogers 1y agoWon't that lead to suspiciously low valuations, very strong eminent domain laws, and a black market of sales at higher than valued prices?
- AnimalMuppet 1y ago"Government can buy it at the stated value" does not lead to very low valuations, no.
- greyface- 1y agoOnly allowing government repurchase makes the system vulnerable to corruption - make a backroom deal with a government official and extract a promise not to buy, then declare at $1. A system where anyone can purchase the property at the declared value is more robust. https://en.wikipedia.org/wiki/Harberger_Tax https://en.wikipedia.org/wiki/Harberger_Tax
- mothballed 1y agoEven simpler is to not have property taxes and forget the rigmarole of assessing or self-assessing values.