[skybrian]

Whatever the land value tax is, neighboring buildings will pay far more, because they use more land and there are fewer floors to spread the tax over.

A LVT increases the cost per square foot more for shorter buildings. A 10 story building pays about twice as much on a square foot basis as a 20 story building. The whole point is to encourage taller buildings.

(It’s not quite that simple since taller buildings probably have less usable square footage per floor, but that’s basically how it works.)