Land Value Tax

tags

Tax

Tax on the unimproved value of land, i.e. the value of the land itself disregarding any buildings or other improvements.

Advantages:

• Does not deter production; supply of land is fixed
  
• Discourages real estate speculation
  
• Difficult if not impossible to evade; you can't move land out of the country
  

Disadvantages:

• Somewhat difficult to appraise/calculate, though easier than property taxes that include improvements (which we do already)
  

Famously advocated by Henry George.