Re:Redfin Economist says land value tax will fix the economy
by Retric on Monday June 20, 2022 @11:05PM
(#31819373)
> There is no separation of the hypothetical and actual.
> Can you elaborate?
To simplify.
If it’s the actual economic value then the city would include your neighbor who’s brown lawn slightly decreases your property values and a million other factors nobody can actually account for. It’s always going to be calculated based on some simplified model or the best guess of some accessor.
Even stepping into the abstract some choices are just arbitrary. Do you decrease the LVT of a superfund site? What if someone drained swampland so the land it’s self is more valuable?
To simplify.
If it’s the actual economic value then the city would include your neighbor who’s brown lawn slightly decreases your property values and a million other factors nobody can actually account for. It’s always going to be calculated based on some simplified model or the best guess of some accessor.
Even stepping into the abstract some choices are just arbitrary. Do you decrease the LVT of a superfund site? What if someone drained swampland so the land it’s self is more valuable?