Land tax systems

Land tax systems are ways governments charge property owners based on the value of the land they own, regardless of buildings or improvements. It’s a recurring tax meant to generate public revenue and encourage efficient land use. The tax amount typically depends on the land’s assessed value, with different rates or thresholds applying in various regions. Some systems aim to promote fairness by taxing land more heavily in areas with high land values, while others seek to prevent land speculation or vacant property hoarding. Overall, land taxes focus on the land itself as a key resource worth taxation.