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hic_maneo t1_j6inlg6 wrote

Reply to comment by IamSauerKraut in Want growth in Erie? Cut taxes on homes and jobs, hike taxes on land instead by ToffeeFever

In a true LVT situation, your income would NOT be taxed, only the Land if you choose to purchase it. So you would not be double taxed.

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IamSauerKraut t1_j6k6mbc wrote

Theoretical bs, imho. How can I build my house if I do not own the land upon which I seek to build it?

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hic_maneo t1_j6kot36 wrote

…but you do own it. You bought the land, and you can do what you want with it as long as you can afford to pay the tax. How is that any different from any other tax? This isn’t really an outrageous concept.

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IamSauerKraut t1_j6l0vc6 wrote

Under the current property assessment scheme in PA, we already pay tax on the land.

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Illustrious_Air_1438 t1_j6lz2jk wrote

A land value tax would replace the existing property tax, and only tax the value of the land itself, not any buildings or other improvements.

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IamSauerKraut t1_j6mz7tq wrote

>only tax the value of the land itself, not any buildings or other improvements.

In other words, the guy who can only to afford to live in a trailer now would be taxed at the same level as a guy who can afford to put a mansion upon his property?

Still seems like a dumb idea that needs much more thought.

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