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by ethanbond
924 days ago
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A land value tax is not on the “productive value of the land.” It’s on the unimproved value of the land, I.e. raw land value. And no, Prop 19 is not effectively a land tax, it in fact yields the exact opposite effect which is appreciation in the land does not impact a landowner’s tax bill. Under LVT, fluctuations in land price directly affect the landowner’s tax bill. |
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