Let's talk about someone who owns a piece of land, a private owner. What I hear you saying is that, if we're taxing the value of the land, then there's a strong incentive for the developer—let's call them “the owner”—to develop the land, I guess, for two reasons. Tell me if this is right. First, as the value of the “developed” property goes up, they're still paying tax on the land, the land value. Am I right?
On November 14th, 2023. See this statement in context.