Strong Towns: Property Tax vs. Land Value "Tax" (LVT)

Simply put, Land value tax is a tax on the unimproved value of land. It also can be thought of as _location_ value tax. Property tax typically includes both land value tax and the value of the improvements to the land - buildings, etc. While they may sound similar, land value tax and property tax lead to vastly different outcomes. Check out this Strong Towns video for an explanation about both taxes and how they differ: ▶ this video

A land value tax taxes the value of the land not the things built on it. It hurts speculators/landlords and benefits people who build/improve. It works very differently than a propery tax. ▶ this video

The author, Chuck Marohn, has previously made this video that explains how a Land Value Tax would affect the fiscal situation of a city (for the better): ▶ this video