[paconbork]

Can't Walmart already do this? Property assessors already estimate the value of your property and the value of the land plays a part.

[Spooky23]

Generally no. Values are usually based on sales history.

[throwaway201103]

Value is whatever someone will pay. If Wal-Mart offers $1MM for your land, that is what it is worth, even if the next-best offer is $500K.

[Spooky23]

Only if you sell.

LVT serves a few different interests and is sold as a cure all. Kinda like the “gold bug” of tax policy.

[arrosenberg]

Or the very questionable use of eminent domain that some municipalities engage in.

[throwaway201103]

It's really the same as eminent domain. Wal-Mart wants your property for a store? They just need to offer to pay enough that the LVT is unaffordable to you. You'll have no choice but to sell, even if you don't want the money and would rather keep the property.