The taxes must be high enough if you want to drive the price of land down to zero. Lands worth million of dollars represented economic rent untaxed by the gover

The taxes must be high enough if you want to drive the price of land down to zero. Lands worth million of dollars represented economic rent untaxed by the government. That leaves you with other factors in the consideration of purchasing real estate such as the price of the building itself, as opposed to the land.