[twelvechairs]

Not sure why you want to encourage empty lots?

Yes these owners 'can afford' more but it will definitely discourage what OP was talking about that it's just land banking for future asset appreciation. The land value on this kind of property is extremely high so tax is not low even if it's a tall building

[skybrian]

I think it’s fine to discourage vacant lots, but the skyscrapers we are talking about are the opposite of a vacant lot.

Whatever the tax on these buildings is under LVT, it will be more unaffordable by their neighbors that are shorter and use more land. There is a higher incentive for neighboring buildings to get torn down and get replaced by taller skyscrapers like these.

It’s just odd to point to the buildings least affected by the tax as the sort of development that would be discouraged.