1 min readJun 7, 2017
LVT can’t exceed the rental value of the land, otherwise nobody would want to own land (they’d have to pay more than its value in tax). Since land rent is roughly 5%, that’s the maximum possible LVT.
LVT can’t exceed the rental value of the land, otherwise nobody would want to own land (they’d have to pay more than its value in tax). Since land rent is roughly 5%, that’s the maximum possible LVT.
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