I suspect the discrepencies in our land value vs improvement value numbers have to do with where the land is and how efficiently it’s used. If you have a single family home in San Francisco, most of the value will be land, but it seems undesirable that your proposed tax would very heavily penalize anyone who tries to turn a single-family house in SF into a skyscraper (with a much lower land/improvement ratio).
As for skyscrapers, the interesting thing about this proposal is that hard-to-remove amendments essentially become land. For example, if you made a plot of land fertile, that improvement is difficult/undesirable to remove, so when you go to sell it, the owner pays for it as if it were land. I’ll tackle this more in the second post.
Taxing improvements (discouraging people from improving land) seems like the exactly opposite of what a land value tax is supposed to do. I look forward to how you address this in the second post thogh.
I suspect the discrepencies in our land value vs improvement value numbers have to do with where the land is and how efficiently it’s used. If you have a single family home in San Francisco, most of the value will be land, but it seems undesirable that your proposed tax would very heavily penalize anyone who tries to turn a single-family house in SF into a skyscraper (with a much lower land/improvement ratio).
Taxing improvements (discouraging people from improving land) seems like the exactly opposite of what a land value tax is supposed to do. I look forward to how you address this in the second post thogh.