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A comment on Detroit wants to be the first big American city to tax land value. Parent comment
Build a 200 unit apartment complex in an area with a housing problem and jobs currently unfilled ... yep.
Build a gigantic house to be occupied by a single very wealthy family .. not so much.
But how to measure the difference? The simple market value of the improvements is not going to be accurate.
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Build a 200 unit apartment complex in an area with a housing problem and jobs currently unfilled ... yep.
Build a gigantic house to be occupied by a single very wealthy family .. not so much.
But how to measure the difference? The simple market value of the improvements is not going to be accurate.