Viewing entries in
Land Value Tax Series

Thank You From a Land Speculator

Thank You From a Land Speculator

Our prevailing property tax system rewards those who sit on valuable land and leave it idle, while punishing with higher taxes those who put it to productive use. And for that, our buddy the speculator just wants to say, "Thanks, neighbor."

Non-Glamorous Gains: The Pennsylvania Land Tax Experiment

Non-Glamorous Gains: The Pennsylvania Land Tax Experiment

Since 1913, Pennsylvania has allowed cities to tax land at a higher rate than buildings. This decision has led to some unique success stories: cities that have weathered post-industrial decline and revitalized their urban cores.

What's With That Empty Lot in the Heart of the City?

What's With That Empty Lot in the Heart of the City?

Even the fastest-growing cities have them: under-utilized lots in the center of town whose owners don’t want to develop, but also don’t want to sell. Often, the property tax code rewards this kind of land speculation.

You Get What You Tax For

You Get What You Tax For

The property tax punishes modest improvements and rewards steady decline. People who take steps to add value to their property pay more taxes, while slumlords and speculators pay less. There are a lot of reasons for cities to switch to a tax on land value, and more states should allow cities to make that change.