Property tax is not land value tax. Property tax is a tax on both the improvements and the base value of the land.
Land value taxes are only taxes on the value of the land.
A land value tax would tax a giant residential building and the parking lot adjacent to it the same, which encourages maximizing the value of the lot rather than leaving it for parking.
Land value taxes are only taxes on the value of the land.
A land value tax would tax a giant residential building and the parking lot adjacent to it the same, which encourages maximizing the value of the lot rather than leaving it for parking.