[prutschman]

> So... what exactly become the merit of taxing land over property? If you tax property, the value of the land is included in that tax.

If land--but specifically not improvements to that land--is taxed then there's relatively more incentive to make productive use of the land. $1 of investment to improve the productivity of land by building housing or whatever is tax advantaged over $1 of investment to try to hold onto appreciating land in hopes it goes up.