The tax is intended to reflect improvements to nearby land insofar as they make this piece of land more valuable. That is fine, since it doesn’t discourage improving this piece of land, and at the same time acts to force those who don’t have a good use of the land to sell it.
The tax is intended to reflect improvements to nearby land insofar as they make this piece of land more valuable. That is fine, since it doesn’t discourage improving this piece of land, and at the same time acts to force those who don’t have a good use of the land to sell it.