Re:Tax the Land
by no_wizard on Friday April 15, 2022 @09:33PM
(#31048244)
You're not "forced" to sell it. You just have to pay a tax relative to its actual market value, as opposed to paying a tax on only the value you purchased it for plus negligible increases in your property tax percentage based on that rate.
Just pay the tax, and you're good to go, even if you never develop it. The idea of a LVT is to make it less palatable to let the land go unused or under-utilized.
Just pay the tax, and you're good to go, even if you never develop it. The idea of a LVT is to make it less palatable to let the land go unused or under-utilized.