> In the context of LVT, 'unimproved value' pretty much means the value of a lot minus any buildings on it
no cutoff necessary, the distinction is between thins on the lot of land and things not on the lot of land today.
Re:Georgism
by MichaelZuo on Wednesday September 27, 2023 @07:22AM
(#37673067)
But the 'value of a lot minus any buildings on it' is a subjective definition that can be changed?
It clearly's possible one election year for that definition to be expanded to included remediation of any underground improvements for example, or a penalty if it uses certain undesirable materials, etc...
City council, voters, etc.?
If so, what's stopping them from changing the definition every election cycle to score political points?