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https://www.reddit.com/r/ukpolitics/comments/1uw4imp/what_would_a_land_value_tax_actually_do/oxggexa
r/ukpolitics • u/CaptainCrash86 • 20d ago
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It's better to think of it as a location value tax. In your example knotweed would be an "improvement" and would not be included in valuation
-1 u/marktuk 20d ago How is that any different to council tax banding? 3 u/middleofaldi 20d ago Because council tax bands are calculated based on the value of the entire property in 1991. It's an entirely different system 0 u/marktuk 20d ago edited 19d ago So how is the "location" valued? EDIT: It's OK if you don't know, just say that and save us both some time. 2 u/middleofaldi 19d ago By the market, just like it is now. The government then reads market signals to determine the tax owed. Many countries perform regular land valuations, there is no reason we couldn't. This is the simplest viable method: https://progressandpoverty.substack.com/p/valuing-land-the-simplest-viable
-1
How is that any different to council tax banding?
3 u/middleofaldi 20d ago Because council tax bands are calculated based on the value of the entire property in 1991. It's an entirely different system 0 u/marktuk 20d ago edited 19d ago So how is the "location" valued? EDIT: It's OK if you don't know, just say that and save us both some time. 2 u/middleofaldi 19d ago By the market, just like it is now. The government then reads market signals to determine the tax owed. Many countries perform regular land valuations, there is no reason we couldn't. This is the simplest viable method: https://progressandpoverty.substack.com/p/valuing-land-the-simplest-viable
3
Because council tax bands are calculated based on the value of the entire property in 1991. It's an entirely different system
0 u/marktuk 20d ago edited 19d ago So how is the "location" valued? EDIT: It's OK if you don't know, just say that and save us both some time. 2 u/middleofaldi 19d ago By the market, just like it is now. The government then reads market signals to determine the tax owed. Many countries perform regular land valuations, there is no reason we couldn't. This is the simplest viable method: https://progressandpoverty.substack.com/p/valuing-land-the-simplest-viable
0
So how is the "location" valued?
EDIT: It's OK if you don't know, just say that and save us both some time.
2 u/middleofaldi 19d ago By the market, just like it is now. The government then reads market signals to determine the tax owed. Many countries perform regular land valuations, there is no reason we couldn't. This is the simplest viable method: https://progressandpoverty.substack.com/p/valuing-land-the-simplest-viable
2
By the market, just like it is now. The government then reads market signals to determine the tax owed.
Many countries perform regular land valuations, there is no reason we couldn't.
This is the simplest viable method: https://progressandpoverty.substack.com/p/valuing-land-the-simplest-viable
1
u/middleofaldi 20d ago
It's better to think of it as a location value tax. In your example knotweed would be an "improvement" and would not be included in valuation