One option to protect landowners from the negative impacts of sudden changes in land valuation is to change the land valuation method to assume that current use is the ‘highest and best use’.

“However, these higher investment incentives can come at a cost to some households who may see their land value change substantially due to zoning decisions. Protection against sudden changes to land values for landholders can be built into a land value tax system by changing the prescribed valuation method for residential property to assume that the current use is the highest and best use.”

theoretical