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 gnopgnip on Monday October 16, 2023 @09:35PM (#37909258)

The economy is not a zero sum game. If a land tax leads to increased economic activity it can actually result in a lower tax rate and generate more than enough tax to pay for the services the government provides.

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Re:Detroit wants to be the first big American city to tax la... by PaulDavisThe1st on Monday October 16, 2023 @09:46PM (#37909366)

Could you provide some examples of where this has happened?

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Re:Detroit wants to be the first big American city to tax la... by gnopgnip on Monday October 16, 2023 @10:09PM (#37909595)

Yes, Japan, Korea and Signapore are examples where a more efficient property tax system led to a huge economic expansion. Japanese Land Tax Reform of 1873 is probably the most well known example. It also involved lowering property tax rates.

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Re:Detroit wants to be the first big American city to tax la... by xienze on Tuesday October 17, 2023 @12:02AM (#37910464)

Do you think this would actually happen in a place with as inefficient and corrupt local government as Detroit? Be honest.

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Re:Detroit wants to be the first big American city to tax la... by jimmyk2 on Tuesday October 17, 2023 @01:03AM (#37910823)

My guess is that the Illitch and Gilbert tax bills are about to plummet as their highly improved and revenue generating properties get averaged out with 1950’s mid rises.

Bonus points if we can crank up the tax bill on families which inherited their home but never had the money to make improvements.

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Re:Detroit wants to be the first big American city to tax la... by gnopgnip on Tuesday October 17, 2023 @02:42AM (#37911408)

Detroit probably has more to gain from more efficient land use from a property tax perspective because of it's history of corruption and inefficiency

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