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A report from the Center for Land Economics modeled a land value tax in #Spokane and found that taxing land rather than buildings would encourage homebuilding and discourage land speculation. #WALeg could make it happen and let cities return community-created land value back to the public.

landeconomics.orgTaxing Land, Not Homes: A Revenue-Neutral Path to Unlock Spokane's Underused Land | Center for Land EconomicsA revenue-neutral building-exemption model for Spokane that shifts property taxes off buildings and onto land — reducing taxes for most homeowners while raising holding costs on vacant and underused p...

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