Land value taxation is the tax that is placed on land, which every land owner is subject to. The land is out in the open and the assessors can appraise it at anytime. Your land cannot be hidden from the public eye. Land value taxation does not take place everywhere, and there are only a limited number of places that enact land value taxation.



Landowners cannot increase the value of their land simply by placing fancy buildings or great landscaping on it. Land value is set and determined solely on the land, although the land value taxation can fluctuate. The value of the land can increase by the surroundings by it, but the value of the land is actually mostly created by nature. Nature can cause the land to be beautiful and dictates how the land looks and what natural resources it includes.



The land value taxation of a piece of land can sometimes go up without the landowner doing anything. If neighbors or commercials businesses around the land are prosperous and their land is improved by them, all land around it in turn goes up. The more business that is around a property of land, the higher the value of any land by it. Some believe that these landowners should be charged a higher land value taxation because they have done nothing themselves to improve their land, but the value has still risen. The most famous person who was a supporter of land value taxation was Henry George.

When enforcing land value taxation, it is not always the same tax for every area. Some areas make the landowners pay an annual fee, while others include a fee onto the price of land when it is sold. While many people complain about more taxes, land value tax is often looked at as being a "good tax." It is the easiest tax to enforce. The money that is generated from land value taxation can be used to benefit the public. It can build new buildings in a city, fix bad roads, or help fund public services such as transportation. Different countries, cities, or states may enforce higher or lower taxes on land values.

Libertarians are usually the people who are supporters of land value taxation. They argue that the entirety of people will benefit from land value taxation, and that it the long run, it benefits everyone. If land value taxation is enacted upon, it makes areas clean up and develop more. This is because the value of the land will rise if this is done.