What is your favorite BIG Picture idea for Huntsville

Split Rate Tax Reform or Land Value Tax (LVT)

One way to encourage building renovations and incremental development in neighborhoods, while discouraging land speculation and derelict buildings, i.e. encouraging the highest and best use of parcels is to implement a split tax rate on property. Sometimes called a Land Value Tax the idea is to tax the land at a greater percentage of the total evaluation than the improvement. While I realize that the property tax system is handled at the county level I was curious if there were not a way to either work with the county or find other legal means to implement an LVT. The LVT should replace the property tax not add an additional tax burden.

 

http://www.earthrightsinstitute.org/news/publications/land-value-rights/226-pa-tax-reform

 

http://www.landvaluetax.org/what-is-lvt/

Last Edited by larry.mason

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Idea No. 150