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Wellington City Council considers sweeping rates changes
If you are wondering: LVT = Taxing the value of the land instead of the buildings and everything on it (Capital Value / CV) which encourages people to improve the land and revitalise the city instead of just sitting on empty lots or dilapidated buildings waiting for the land value to go up (land banking). This usually leads to more housing and lower prices and generally a better vibe.
☝️ After reading the comments I realised we were all talking about it like everyone knows what it is so I just dropped this here for anyone that stumbles by.