Does land value mean a flat fee based on number of square foot, or does it include fair market value of the property.
Because that penthouse downtown apt definitely cost more than a house in the middle of nowhere, even if its technically smaller.
Because that penthouse downtown apt definitely cost more than a house in the middle of nowhere, even if its technically smaller.
You can see why the LVT is relatively density-friendly: the taller the building, the less tax paid by each resident.
If the burden of the tax were shared equally than the penthouse would contribute the same amount as each of the floors below it—some small fraction of the total for a tall building.