Denmark has used land value taxation since 1924. The rate ranges from 0.6 to 2.4% on the land's estimated market value, payable to local authorities/country, and the land value is revalued every two years.

The report for LVT in London comments: “Such a tax raises the cost of holding developable land when demand, as expressed through rising market prices, increases. This should make holding valuable land more expensive as development pressure increases, encouraging more land release for development.”