(08-27-2022, 08:44 AM)mikesez Wrote:

(08-27-2022, 08:15 AM)Sneakers Wrote: Please check the appropriate response;


______    I didn't bother to read the first sentence in the article I posted.  A land value tax (LVT) is a levy on the value of land without regard to buildings, personal property and other improvements.[1

______    I don't understand the difference between land value tax (undeveloped land) and property tax (the value with buildings and other improvements, i.e. what we actually pay every year.)

First you should understand that a land value tax is theoretically ideal.
The you should see that a property tax is equal to a land value tax plus a building tax. Consider the homestead exemptions - because they are equal across the state, similar to how the cost of construction materials and labor are roughly equal across the state. Homestead exemptions make our property tax more like a land value tax and less like a building tax, although both components are still there.
So it should be obvious that a property tax will have some but not all of the beneficial features of a land value tax.

Your scope of thought is exceedingly narrow.  Homestead exemptions only apply to residential properties in which the landowner is domiciled.  Commercial and industrial properties do not share this benefit.

Labor costs do vary significantly by area, even in Florida.  States with major metropolitan development, such as N.Y. and California have much larger discrepancies.  Again, try to look at the larger picture.

Real estate transactions are impacted by far more that property tax.  Capital gains, Federal everywhere and also in many states, property transfer tax, document stamp tax, etc.

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