An imbalanced property tax system can undermine economic development initiatives. When property tax systems encourage capital to be used for optimal speculative gain, as opposed to reinvestment and growth, the loss to both the community and municipality can be devastating.
Land value taxation (LVT) spurs homegrown sources of growth, and sources of growth from outside the community. LVT is not an additional tax it replaces the current imbalanced and antiquated property tax.
LVT is a tool, a practical path, that supports economic development
Infill directed - frees lots for buildings
Compact - produce more efficient, consolidated units
Dense - incentive to build upward
Affordable Housing - lower incomes qualify for loan
Distinctive Communities - invest in home without tax increase
Mixed Use, Walkable - density draws stores, retail, entrepreneurial activity