What is land value taxation?
Land value taxation is a tax on land, not the buildings, homes, or other structures that might occupy the land. The proposal here is to replace some or even all of the revenue produced by other taxes with a tax on land value. What makes land value taxation so different from other forms of taxation is that the supply of land is fixed, immobile, and inherently visible. If land value is taxed, the land will not flee, shrink, or hide. This means a tax on land values should be less distorting, easier to collect, and require less government invasion of people’s privacy. What makes land value taxation so different from other forms of taxation is that the supply of land is fixed, immobile, and inherently visible.Public revenue from land values is the most complete application of “supply-side” economic policy. Supply-side policy attempts to increase production and the supply of goods by decreasing costs, such as by lowering taxes and eliminating excessive regulations and barriers to trade. A co
