[glifchits]

Recall there are two goals: - allocative efficiency (property belongs to whomever can derive most value from it) - investment efficiency (people have incentives to invest in property, build Gigafactories, etc)

If I understand, your argument is that self-assessed taxes would eliminate investment efficiency.

The property owner should factor transaction costs into their own value of the building. This would increase their assessment of the land-value, and increase their taxes. This works because, keeping land valuations constant, the one with the highest transaction costs is the one who can derive the most efficiency from the land.