When you see a solution here of higher property taxes, is it focused on the raw land value or on the value of "improvements?"
I've never been a fan of taxing the value of raw land, mainly because it creates incentives for destroying natural land and extracting as much value as possible from the space. Taxing structures based on the expected economic value can make sense, though even then if its a business there are more direct ways to tax the business's realized revenue or profits.
I've never been a fan of taxing the value of raw land, mainly because it creates incentives for destroying natural land and extracting as much value as possible from the space. Taxing structures based on the expected economic value can make sense, though even then if its a business there are more direct ways to tax the business's realized revenue or profits.