Land Value Tax: Can it Work in the District? - "But to get these benefits from a land value tax, the following must hold true: First, land use practices should be permissive enough to allow for further development. This, as I will show, is also not the case for much of the city, especially in places where density is low. Second, the city should be able to correctly assess land values separately from the buildings that sit on the land. This is currently not the case and getting there will require significant administrative changes and taxpayer education.
... "Thus, while all property tax bills in the District separately report assessment values for the land and the improvement, this split might not reflect the fundamentals, but rather, the assessor’s conclusion based on limited market evidence."
No comments:
Post a Comment