Re:Does Georgism work? Is land a big deal?
by zajio1am on Thursday December 09, 2021 @10:52AM
(#29498785)
> Instead of taxing land at a few percent, Georgism says we should be taxing it at 100%.
Property tax percentages are from property value, while georgism is taxing 100% of imputed rent, not value. Relation between rent and price, as mentioned in the article, is described by capitalization rate, which is estimated to be 5-8%. So georgian LVT would be 5-8% of original land value.
Property tax percentages are from property value, while georgism is taxing 100% of imputed rent, not value. Relation between rent and price, as mentioned in the article, is described by capitalization rate, which is estimated to be 5-8%. So georgian LVT would be 5-8% of original land value.