noun phrase · formal
land value tax
UK/ˌlænd ˈvæljuː tæks/US/ˌlænd ˈvælju tæks/LAND VAL·ue TAX
A tax on the value of land itself, regardless of buildings on it.
Examples
“Economists argue that a land value tax can discourage land speculation and make housing more affordable.”
“The proposal included replacing several property taxes with a single land value tax.”
“Introducing a land value tax requires accurate valuations of urban plots.”
Band 8 sentence
“Shifting revenue towards a land value tax could reduce speculative holding and encourage more efficient land use in cities.”
Collocations
- introduce a land value tax
- assess land values
Word family
Common mistakes
land tax→land value tax
value land tax→land value tax
Say it for a higher band
5land tax→6property tax→7+land value tax
Synonyms
site value tax
Easily confused
property tax
“In many countries property tax covers both buildings and land.”
Related words
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In City & Urban life
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