It wouldn't. I don't believe it is the best system for such an area. It has worked well or best in urban areas with significant numbers of blighted properties in which case it makes it too expensive to leave a property abandoned and undeveloped. Redeveloping the property does not add to the owners property tax encouraging redevelopment. This also encourages density of development as it is land that is taxed not development so the less land you use the less tax you will pay.
There are places and times where land value tax makes sense and others where it does not. Harrisburg, PA is one city that has used a land value tax with positive results. Obviously the type of taxation you want to use in a given situation is in part dependent on what you want to accomplish. If we want more intense devolopment in certain areas throughout the city, having a zone with this kind of taxation might be a way to go. David Strand Loring Park --- Tim Bonham <[EMAIL PROTECTED]> wrote: > How would such a tax work on farmland in areas > suddenly being developed as > subdivisions? > > For example, the farm I grew up on was way out in > the country then. Now > the city has come nearby, and the neighbors farm to > the north is becoming a > Wal-Mart. My mother would like to continue farming > that land, and raising > her horses there. But she's really afraid that the > city will raise taxes > on the land so much that she will have to sell her > farm and turn it into a > suburb to pay those taxes. > > Seems like a "land value" tax would just accelerate > the trend of making > farmland into suburbs! > > Tim Bonham, Ward 12, Standish-Ericsson > > >Message: 5 > >Date: Thu, 11 Nov 2004 10:54:27 -0800 (PST) > >From: Michael Jensvold <[EMAIL PROTECTED]> > >Subject: Re: [Mpls] IDS tower sold > >To: [EMAIL PROTECTED] > >Message-ID: > <[EMAIL PROTECTED]> > >Content-Type: text/plain; charset=us-ascii > > > >This is another example of how a land value tax > would > >be superior to the current system. It's simpler to > >administer, it doesn't punish people for putting up > >good buildings, and it does punish people for > sitting > >on valuable land for use as parking lots. > > > >Mike Jensvold > >Ward 10 > > > > REMINDERS: > 1. Think a member has violated the rules? Email the > list manager at [EMAIL PROTECTED] before continuing > it on the list. > 2. Don't feed the troll! Ignore obvious flame-bait. > > For state and national discussions see: > http://e-democracy.org/discuss.html > For external forums, see: > http://e-democracy.org/mninteract > ________________________________ > > Minneapolis Issues Forum - A City-focused Civic > Discussion - Mn E-Democracy > Post messages to: mailto:[EMAIL PROTECTED] > Subscribe, Un-subscribe, etc. at: > http://e-democracy.org/mpls > __________________________________ Do you Yahoo!? Check out the new Yahoo! Front Page. www.yahoo.com REMINDERS: 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
