Re:Land-value tax: Why Henry George had a point
by cperciva on Saturday October 24, 2015 @06:17AM
(#10443108)
Makes sense, but hard to implement.
I'd say the implementation of a land value tax is rather easier than the implementation of a property tax. In both cases, the assessment is done by comparing properties to similar ones which have sold recently; but it's much easier to find a comparable square foot of land than it is to find a comparable 25 year old three-bedroom two-bathroom house which had the kitchen renovated last year but needs repairs to the roof.
I'd say the implementation of a land value tax is rather easier than the implementation of a property tax. In both cases, the assessment is done by comparing properties to similar ones which have sold recently; but it's much easier to find a comparable square foot of land than it is to find a comparable 25 year old three-bedroom two-bathroom house which had the kitchen renovated last year but needs repairs to the roof.