To solve this, you need to balance your obligations to the government (property taxes), against obligations from the government (bonds of some kind).
I'll use TIPs for my example, because it's harder for the government to inflate away these obligations.
A plot of land might have taxes of $1,000/yr. It looks like TIPs give a fixed real rate of 1.3%. So, $77k in TIPS will balance out your taxes. You need to add that to the true price of the land.
Obviously, there is the question of how you obtain that capital. So in a sense we are generally born "in the red", and need to work our way out of these implicit debts. But it can be done, even within the system.