Land value taxes are not functionally different than just regular property taxes in the places where it matters. In all of the areas that are in the worst of the housing crisis, property value is already dominated by land value; LVT doesn't really change much.
The problem, just like the source says, is that the tax is too low, not mention the absolute disaster that is Prop 13 in California.
The problem, just like the source says, is that the tax is too low, not mention the absolute disaster that is Prop 13 in California.