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Land value tax

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Daxia
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Post: #1
Land value tax

I would like to implement land value tax instead of property tax. Where do I select it?

Or is it not implemented?

I would like to simulate a land value tax in combination with property tax with the relationship 6:1. For every taxed dollar in the form of property tax I would like to tax 6 dollars of land value tax.

(Just as in Harrisburg, Pennsylvania. The second worst city in US 1981 and the second best 2010)

I would like to simulate that specific tax combination on state level.

25.01.2012 14:39
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Helsworth
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Post: #2
RE: Land value tax

You'll have to do that via task options. Land value fluctuates, how would you tax it in real life? By doing an average between the highest and lowest values in a given year?


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25.01.2012 14:47
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Daxia
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Post: #3
RE: Land value tax

Here is some information about how they calculated the value.
http://www.earthrights.net/docs/success.html

Im no georgist myself, just thought it would be interesting to learn about it in the game.
A good example of LVT calculations for a entire country:
http://www.andywightman.com/docs/LVTREPORT.pdf

25.01.2012 14:55
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Aspergerian
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Isonomia
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Post: #4
RE: Land value tax

The Free land reform can be thought of as a land value tax. The game describes the reform as a system of land rental fees, the rates of which are determined by the value of the land-- excluding the value of improvements and fixtures. From a practical standpoint, there is no difference between a fee and a tax, so it's basically the same thing as a land value tax.

This post was last modified: 20.09.2014 01:22 by Aspergerian.

20.09.2014 01:18
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Helsworth
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Post: #5
RE: Land value tax

Aspergerian Wrote:
The Free land reform can be thought of as a land value tax. The game describes the reform as a system of land rental fees, the rates of which are determined by the value of the land-- excluding the value of improvements and fixtures. From a practical standpoint, there is no difference between a fee and a tax, so it's basically the same thing as a land value tax.

The Freeland reform is complete government nationalization; then the government rents it out to the public. Georgism and Freeland (ism) is not the same thing, though, it's aims are more or less the same.


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20.09.2014 09:32
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Aspergerian
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Isonomia
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Post: #6
RE: Land value tax

Exactly. It has the same practical effects, so it could make a good approximation for an actual LVT. Even if it's technically not the same thing.

21.09.2014 01:03
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Helsworth
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Post: #7
RE: Land value tax

Helsworth Wrote:

Aspergerian Wrote:
The Free land reform can be thought of as a land value tax. The game describes the reform as a system of land rental fees, the rates of which are determined by the value of the land-- excluding the value of improvements and fixtures. From a practical standpoint, there is no difference between a fee and a tax, so it's basically the same thing as a land value tax.

The Freeland reform is complete government nationalization; then the government rents it out to the public. Georgism and Freeland (ism) is not the same thing, though, it's aims are more or less the same.

It's not the same in practical terms. Ownership of land is an asset. Under a land-value tax, private people still get to own that asset; they just pay a tax on it.
Under Free land, private individuals DON'T have land assets at all; they just pay rent on it to the government. A land-value tax reform won't increase public assets. Free land does. A land-value tax won't evaporate a heavy chunk of capital. Free land does this; watch it in the economy tab after you've implemented the reform.


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21.09.2014 11:47
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hamma13
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Nunavut
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Post: #8
RE: Land value tax

Helsworth Wrote:

Aspergerian Wrote:

Helsworth Wrote:

Aspergerian Wrote:
The Free land reform can be thought of as a land value tax. The game describes the reform as a system of land rental fees, the rates of which are determined by the value of the land-- excluding the value of improvements and fixtures. From a practical standpoint, there is no difference between a fee and a tax, so it's basically the same thing as a land value tax.

The Freeland reform is complete government nationalization; then the government rents it out to the public. Georgism and Freeland (ism) is not the same thing, though, it's aims are more or less the same.

Exactly. It has the same practical effects, so it could make a good approximation for an actual LVT. Even if it's technically not the same thing.

It's not the same in practical terms. Ownership of land is an asset. Under a land-value tax, private people still get to own that asset; they just pay a tax on it. Under Free land, private individuals DON'T have land assets at all; they just pay rent on it to the government. A land-value tax reform won't increase public assets. Free land does. A land-value tax won't evaporate a heavy chunk of capital. Free land does this; watch it in the economy tab after you've implemented the reform.

Sorry, but Aspergerian is right. Free land reform is but in name the same thing as a 100% land value tax. In both cases you pay a fee/tax for the right to use the land, in one case the right is called "property" in the other it is called "lease" (Miete/Pacht) but it doesn't really matter what you call it because the "property" value is 0 to the owner due to the 100% tax.

This post was last modified: 30.09.2017 13:04 by hamma13.

30.09.2017 12:20
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