> One of the most consistent objections to Land Value Tax is that “land can’t be valued separately from improvements,” a complaint I initially addressed in my article series, later published as a chapter in my book, Land is a Big Deal.
See also my under-review paper, which uses simulations and empirical data from Philadelphia to show that in some conditions, which Philly seems to satisfy, land can be assessed more equitably than total property. :)
If you’ve never visited South Korea, you’re missing out on some of the best planned housing developments in the world. Korean style apartment complexes include underground parking and onsite playgrounds, kindergartens, fountains, community centers, gardens and outdoor seating areas. Inside the apartments are nice and modern as well. They are typically much smaller than big American houses but the convenience of everything you need being a short walk away is worth the trade off. Building “up” instead of “out” leaves more room for outdoor parks and agriculture. The density means most “daily errands” type stuff is within walking distance and for things that are further away, the public transportation is top notch.
I hope someone in SK is advocating for transitioning to LVT and cranking up the rate. To have such an advanced appraisal system and not use it to levy LVT is a tremendous waste.
The US is a hodgepodge of property information formats that will no doubt succumb to AI powered evaluation. I see the results in my own work, month by month.
My own planning fantasy: Designate urban development zones and tax underdeveloped properties at 1,000 percent.
> One of the most consistent objections to Land Value Tax is that “land can’t be valued separately from improvements,” a complaint I initially addressed in my article series, later published as a chapter in my book, Land is a Big Deal.
See also my under-review paper, which uses simulations and empirical data from Philadelphia to show that in some conditions, which Philly seems to satisfy, land can be assessed more equitably than total property. :)
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5259481
If you’ve never visited South Korea, you’re missing out on some of the best planned housing developments in the world. Korean style apartment complexes include underground parking and onsite playgrounds, kindergartens, fountains, community centers, gardens and outdoor seating areas. Inside the apartments are nice and modern as well. They are typically much smaller than big American houses but the convenience of everything you need being a short walk away is worth the trade off. Building “up” instead of “out” leaves more room for outdoor parks and agriculture. The density means most “daily errands” type stuff is within walking distance and for things that are further away, the public transportation is top notch.
Any good examples including floor plans that we can see online?
Here’s a YouTube video of a modern Korean city that isn’t Seoul. https://youtu.be/GDLY-ADfpyw?si=Va6f2cYP8pD77d4s
Here’s an interior view of an apartment.
https://youtu.be/3aGlC7HkadA?si=CJCxkn9XWRpYyb7N
So are we getting a Korean Welsh fusion food booth at Progress and Poverty Con 2027 or are you just playin'?
Kimchi rarebit!
You have good things to say about Maricopa Assessors office?
I spend too much time on that site. I have a favorite parcel on there — I’ll send it to you if you are interested.
I hope someone in SK is advocating for transitioning to LVT and cranking up the rate. To have such an advanced appraisal system and not use it to levy LVT is a tremendous waste.
I think you’ll enjoy some of our upcoming articles, then
The US is a hodgepodge of property information formats that will no doubt succumb to AI powered evaluation. I see the results in my own work, month by month.
My own planning fantasy: Designate urban development zones and tax underdeveloped properties at 1,000 percent.
Interesting article. I had no idea that South Korea did this.