Detroit wants to be the first big American city to tax land value
www.economist.com
If you tax blight, will you get less of it?
  • HubertManne@kbin.social
    141·
    9 months ago

    This seems great actually as I would think it would incetive high density construction. The less land to building ratio the less tax.

    • Fried_out_Kombi@lemmy.worldOPMEnglish
      91·
      9 months ago

      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.

      • HubertManne@kbin.social
        2·
        9 months ago

        I could see some sort of land discount if its either forested or well maintained and open to the public.