Articles for tag: affordable housing, housing, Land Increments and Fair Taxation Act, land-based property tax, lift act, shifting to a land based property tax, tax land not structures

Exploring Land-Based Property Tax: A Proposal

Traditional property taxes lump land and buildings together, unintentionally discouraging development and rewarding land speculation. What if we adopt a split rate instead, taxing land heavily while giving breaks on the structures we actually build?