Detroit wants to be the first big American city to tax land value

Re:Detroit wants to be the first big American city to tax la... by notatoad on Monday October 16, 2023 @08:34PM (#37908664)

the exceptions essentially nullify the point of the land value tax though.

the whole point of an LVT is to aknowledge that land is a valuable resource to the community at large, and using it ineffectively is a harm to the community and should be discouraged through taxation. every exception you make not only removes the incentive, but then creates an incentive to not change the usage of that land to something more beneficial, because the people who've received the exception don't want to give it up.

[ Parent | on HN ]

Re:Detroit wants to be the first big American city to tax la... by TulliusCicero on Monday October 16, 2023 @08:38PM (#37908702)

It reduces the impact of the land tax, it doesn't nullify it, because it would apply only to a minority of the land owning population -- likely a small minority.

[ Parent | on HN ]

Re:Detroit wants to be the first big American city to tax la... by tzs on Monday October 16, 2023 @09:48PM (#37909398)

> the exceptions essentially nullify the point of the land value tax though

Or they just time shift it until the person receiving the exception moves away and the property goes to someone without the exception.

[ Parent | on HN ]