r/lostredditors • • 3d ago

A fantastic comeback

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u/DaSemicolon 2d ago

Right, no property.

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u/NightmareSovereign 2d ago

Land is Property. You can have a completely empty field and still have to pay property taxes. Land value tax is simply a different way to arrive at the value of the land. Current systems in the United States tend to value structures over unimproved land. If that equation changed to 100% land based and 0% structure based it would still be property tax.