Re:Georgism
by tsimionescu on Sunday May 17, 2020 @10:00AM
(#23212032)
Then we're back to square 1: how do you determine the unimproved land value of improved land, so you can tax it?
It should be fairly simple to take the original price of installing the components of the house and calculate depreciation.
Non-improved value = market value - depreciated home value
Obviously you'd have to keep tracking the improvements over time.
This idea could still be workable for unimproved land