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Green Acres

Land Value Taxation (LVT) would level the playing field between new farmers and established mortgage-free farmers who presently have a huge (‘I was on the island first’) advantage.

By untaxing jobs and improvements, LVT would bias towards labor-intensive, structure-intensive, value-added farming; this would mean a bias towards organic farms (which both uses less land and uses it more intensively).

The LVT Playbook: So, How Do You Build a Land Value Tax?

Imagine speaking to a Mayor and City Council. They accept the idea of a two-rate land value tax (LVT), meaning a higher tax on land assessments and a lower tax on building assessments.

They agree LVT is a worthwhile change. However, keep in mind that the city will raise the same revenue as from its current one-rate property tax.