- Land Value Tax - LVT
- A tax on the value of a piece of land. Land value tax inherently makes up a portion of all real estate property tax; however, land value tax takes only the fair value of the land into account. The taxation of land is very straightforward, requiring only a valuation of the land.
Some argue that land value tax is the best tax in terms of economic efficiency. Since the availability of land is inelastic, the value of land is therefore determined by the rules of supply and demand.
Land value taxes are implemented in numerous countries around the world, including the United States, namely in Pennsylvania.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Value capture — refers to a type of innovative public financing in which increases in private land values generated by a new public investment are all or in part “captured” through a land related tax to pay for that investment or other public projects. Value… … Wikipedia
Land reform — Land reforms (also agrarian reform, though that can have a broader meaning) is an often controversial alteration in the societal arrangements whereby government administers possession and use of land. Land reform may consist of a government… … Wikipedia
Land (economics) — Land in economics comprises all naturally occurring resources whose supply is inherently fixed (i.e., does not respond to changes in price), such as at geographical locations (excluding infrastructural improvements and natural capital , which can … Wikipedia
Land rights — are those property rights that pertain to real estate land.Because land is a limited resource and property rights include the right to exclude others, land rights are a form of monopoly. Those without land rights must enter into land use… … Wikipedia
Tax — Taxation An aspect of fiscal policy … Wikipedia
Value added tax — Taxation An aspect of fiscal policy … Wikipedia
Tax protester statutory arguments — Part of the Taxation in the United States series Tax protest in the United States … Wikipedia
Tax protester (United States) — Part of a series on Taxation Taxation in the United States … Wikipedia
Tax protester conspiracy arguments — Part of the Taxation in the United States series Tax protest in the United States … Wikipedia
Tax system in China — Taxes provide the most important revenue source for the Government of the People s Republic of China. As the most important source of fiscal revenue, tax is a key economic player of macro economic regulation, and greatly affects China s economic… … Wikipedia
Value product — The value product (VP) is an economic concept formulated by Karl Marx in his critique of political economy during the 1860s, and used in Marxian social accounting theory for capitalist economies. Its annual monetary value is approximately equal… … Wikipedia