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marksbrown | 5 months ago

The 'simplest' method is to allow landowners to declare the value of the land they own. Tax based on this value and let governments buy at the stated land value. Everything else is fluff.

discuss

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greyface-|5 months ago

Only allowing government repurchase makes the system vulnerable to corruption - make a backroom deal with a government official and extract a promise not to buy, then declare at $1. A system where anyone can purchase the property at the declared value is more robust.

https://en.wikipedia.org/wiki/Harberger_Tax

RandomLensman|5 months ago

Why are generally forced land sales to the government a desirable thing?

marksbrown|5 months ago

In the UK we allow it for various national infrastructure projects. This approach would allow for far better estimates of costs.

paulryanrogers|5 months ago

Won't that lead to suspiciously low valuations, very strong eminent domain laws, and a black market of sales at higher than valued prices?

AnimalMuppet|5 months ago

"Government can buy it at the stated value" does not lead to very low valuations, no.

mothballed|5 months ago

Even simpler is to not have property taxes and forget the rigmarole of assessing or self-assessing values.