Detroit wants to be the first big American city to tax land value
Perhaps someone who has thought about this more can explain how a &#x27;land value tax&#x27; differs from existing property tax regimes that explicitly examine the value of improvements and the value of land...<p>This Detroit case is interesting because there are different rates of taxation on the land, but the difference in rate could also be obtained by increasing the land component of a parcel&#x27;s value.