Re:Some arguments against a land value tax (2024)
by scyclow on Friday July 11, 2025 @03:45PM
(#44536161)
My biggest criticism of LVT is that the name is confusing :)
The idea is that you're taxing 100% of land rents, not 100% of the total value. So if there's a 5% cap rate on your property, and the land value is $300k, then the annual tax bill would be $15k.
The idea is that you're taxing 100% of land rents, not 100% of the total value. So if there's a 5% cap rate on your property, and the land value is $300k, then the annual tax bill would be $15k.