A lot of property tax is land value tax, especially in rural areas where there are little to no improvements.
>No, it specifically makes sprawl very expensive relative to density
Not at all, it contributes to sprawl. Cheaper land is farther out of the city centers, so it lessens the cost of purchasing real estate farther and farther out.
A lot of property tax is land value tax, especially in rural areas where there are little to no improvements.
>No, it specifically makes sprawl very expensive relative to density
Not at all, it contributes to sprawl. Cheaper land is farther out of the city centers, so it lessens the cost of purchasing real estate farther and farther out.