Via @[677484539:2048:Dan Lyke]
I'd like to see all taxes shift to land value tax, resource extraction taxes (oil, gas, minerals), and Pigouvian pollution taxes.
"For over a century, Pennsylvania has undertaken a quiet experiment. It is one of the only U.S. states where cities are allowed to tax land at a higher rate than the buildings on it. Pittsburgh and Scranton adopted this tax system in 1913, and roughly a dozen other cities have followed suit since the 1950s. This Pennsylvania Experiment has a lot to teach us about how taxes shape the behavior of property owner
...
In 1982, Harrisburg instituted a tax rate on land that was four times the rate on buildings.
...
[By 1994, t]he number of vacant structures in Harrisburg declined from over 4200 in 1982 to under 500 by 2001. The downtown—previously a ghost town—is alive, even at night. The number of businesses on the tax roll has grown from 1,908 to 8,864
...
Because LVT is a local policy, a room full of citizens often figures out what LVT means in a few minutes. They know how things work, after all, under a conventional property tax:
Q: What happens when you fix your house up?
A: My taxes go up.
Q: What happens when the shabby absentee-owned rental property across the street finally falls over or burns down?
A: Its tax bill is reduced dramatically.
Q: So why does the city overtax work and investment, and reward blight?
A: Because that’s the way it’s always been."
https://www.strongtowns.org/journal/2019/3/6/non-glamorous-gains-the-pennsylvania-land-tax-experiment
I'd like to see all taxes shift to land value tax, resource extraction taxes (oil, gas, minerals), and Pigouvian pollution taxes.
"For over a century, Pennsylvania has undertaken a quiet experiment. It is one of the only U.S. states where cities are allowed to tax land at a higher rate than the buildings on it. Pittsburgh and Scranton adopted this tax system in 1913, and roughly a dozen other cities have followed suit since the 1950s. This Pennsylvania Experiment has a lot to teach us about how taxes shape the behavior of property owner
...
In 1982, Harrisburg instituted a tax rate on land that was four times the rate on buildings.
...
[By 1994, t]he number of vacant structures in Harrisburg declined from over 4200 in 1982 to under 500 by 2001. The downtown—previously a ghost town—is alive, even at night. The number of businesses on the tax roll has grown from 1,908 to 8,864
...
Because LVT is a local policy, a room full of citizens often figures out what LVT means in a few minutes. They know how things work, after all, under a conventional property tax:
Q: What happens when you fix your house up?
A: My taxes go up.
Q: What happens when the shabby absentee-owned rental property across the street finally falls over or burns down?
A: Its tax bill is reduced dramatically.
Q: So why does the city overtax work and investment, and reward blight?
A: Because that’s the way it’s always been."
https://www.strongtowns.org/journal/2019/3/6/non-glamorous-gains-the-pennsylvania-land-tax-experiment