not a tax on property or improvements on the land.
often the idea being you incentivize development because the developed land is taxed at the same or lower rate than undeveloped land.
a conventional property tax taxes the land and the improvements equally. this often disincentivized development because developing the land means paying more taxes.
I feel like this is already possible through homestead exemptions. You can even extend this to higher density rental complexes (more incentive for an apartment complex to be fully occupied). Unfortunately this exemption is tiny in some places.
LAND VALUE TAX
Isn’t this property tax? Which I believe every state has. There should probably be a larger homestead discount though. It’s nothing where I live.
it’s a tax on land.
not a tax on property or improvements on the land.
often the idea being you incentivize development because the developed land is taxed at the same or lower rate than undeveloped land.
a conventional property tax taxes the land and the improvements equally. this often disincentivized development because developing the land means paying more taxes.
Legally disallow speculation on human needs.
I feel like this is already possible through homestead exemptions. You can even extend this to higher density rental complexes (more incentive for an apartment complex to be fully occupied). Unfortunately this exemption is tiny in some places.