Most states tax land at the time of sale and annually. It's just that the millage is low for raw land.
Taxing something based on hypothetical value is an extremely dangerous proposition. Why not tax people an imputed income tax based on what we thing a person's labor is worth? It makes more sense to tax money when money is actually made.
Land value taxes are fundamentally opposed to freedom and liberty by implicitly forcing an owner to do use the land for use that others want based on hypothetical uses.
Taxing something based on hypothetical value is an extremely dangerous proposition. Why not tax people an imputed income tax based on what we thing a person's labor is worth? It makes more sense to tax money when money is actually made.
Land value taxes are fundamentally opposed to freedom and liberty by implicitly forcing an owner to do use the land for use that others want based on hypothetical uses.