The Land Value Tax

The Land Value Tax (LVT) is a tax on the value of a piece of land itself, excluding what is built on it or improvements made. It is based on the idea that land's worth primarily comes from its location and natural qualities, often enhanced by community infrastructure. LVT encourages landowners to develop or use their land efficiently rather than holding it vacant to benefit from rising land values. This tax aims to promote fair land use, reduce speculation, and generate public revenue while discouraging land hoarding, all without discouraging productive investment.