> If I own a large field capable of supporting 10 homes right in the middle of the suburbs, I shouldn't be paying the equivalent taxes that 10 households should be paying.
Yes you should, that's literally the entire point of an LVT. If you can generate enough productive economic activity on the land to equal/surpass that of ten households, then the tax is no problem, otherwise you should sell it so the houses can use it better.
Yes you should, that's literally the entire point of an LVT. If you can generate enough productive economic activity on the land to equal/surpass that of ten households, then the tax is no problem, otherwise you should sell it so the houses can use it better.