[conanbatt]

Without getting into the numbers, this is the right approach:

Some people argue Property taxes vs Land Value taxes thinking it is roughly the same, and that althought it might change tax structure it wouldnt change rent prices.

But thats true if you look at it statically: dynamically, you make poeple in single family homes want to abandon them and sell them to developers, so you naturally turn an enemy (nimby) into an ally (sell for developers).