Re:Detroit wants to be the first big American city to tax la...
by bombcar on Tuesday October 17, 2023 @07:51AM
(#37913529)
The land can go negative in value; does the LVT start paying you at that point?
But that would make the land valuable again …
It’s quite possible to have a plot of land (especially in more rural areas) that is “worth” $10k but has state mandated cleanup required that costs $60k.
But that would make the land valuable again …
It’s quite possible to have a plot of land (especially in more rural areas) that is “worth” $10k but has state mandated cleanup required that costs $60k.