> Shifting to a pure LVT ignores the house because, of course, it’s a land value tax. So if you have the most expensive house in the neighborhood your taxes go down, but if you have the cheapest house on the block your taxes go up (assuming similar lot sizes and such).
As it should be. Land is a finite resource and taxing based on the value of the land instead of the thing you build on your land makes sense.
As it should be. Land is a finite resource and taxing based on the value of the land instead of the thing you build on your land makes sense.