Quote:
Originally Posted by gjhall
Easiest way to achieve that: tax the value of the land, not the building/use. There goes any incentive to leave a lot vacant or extremely under-utilized.
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would that also reduce the property tax bill on my relatively tall and small-footprint townhouse? if so, then I'm all for it! ;-)
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wait a second.... but wouldn't that distort the differential between urban and exurban tax rates even further? e.g., take the McMansion out of the equation and what's the piece of Dunrobin land worth? whereas my little patch of 20-some by 40-some in Mechanicsvile would still be worth...? Honest question, cause you know more planning theory than I do!