[article] Detroit wants to be the first big American city to tax land value
cross-posted from: https://kbin.social/m/Neoliberal/t/524431
If you tax blight, will you get less of it?
![[article] Detroit wants to be the first big American city to tax land value](https://lemmy.world/pictrs/image/14a87127-07cc-4b54-b7c3-309ffc9077dc.jpeg)
https://www.economist.com/united-states/2023/10/05/detroit-wants-to-be-the-first-big-american-city-to-tax-land-valueOpen linkView original on lemmy.world
This seems great actually as I would think it would incetive high density construction. The less land to building ratio the less tax.
Exactly, and it also discourages speculative landholding, rather encouraging people to actually use their land appropriately. Detroit especially has so much vacant land -- much of it owned by the Illitch family -- that you can clearly see it from google earth:
As well as a crapload of downtown parking lots:
Everybody works but the vacant lot.
I could see some sort of land discount if its either forested or well maintained and open to the public.
Non-paywalled link: https://archive.ph/Y3OAM