Using conservative estimates, LVT could raise enough funding to cover the entirety of either Defense spending, Social Security, or Medicare + Medicaid (roughly $1.1 trillion per year). More optimistic estimates suggest LVT revenues could reach $3.36 trillion per year, nearly enough to cover the entire federal budget.
Pairing a national LVT with a UBI funded by the revenue would provide a net gain to two-adult households with property values at $500,000 or less.
Land value taxation could create stronger incentives to repeal restrictive zoning policies, while repealing restrictive zoning would enable further beneficial effects of land value taxation.
Raising land value tax rates drives down the price of land by reducing the portion of land's output that goes to owners.
There are three main approaches to land assessment: the market approach, the cost approach, and the income approach.
The majority of complaints over total land value assessments are over buildings and improvements, not land value.
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Does Georgism Work, Part 3: Can Unimproved Land Value be Accurately Assessed Separately From Buildings?
Does Georgism Work? Part 1: Is Land Really A Big Deal?
Does Georgism Work? Part 2: Can Landlords Pass Land Value Tax on to Tenants?
Land Value Tax
Universal Basic Income (UBI)
Policy Design Details