News: Land Value Tax

Many homeowners do not understand much about real estate taxes and for this reason can end up in the position of losing their homes. Real estate taxes or property tax is normally calculated on the land value, the location, the county l

Don't trust our leaders in Albany. They either don't know what is going on, or don't want us to know. There IS money. The state is NOT broke. We do NOT have to cut draconian cuts. And all of this even before we talk about reforms like the Single Tax on Land Values and untaxing production....

When you try to find the value of a good real estate, check the records of local government to see the local tax assessed value of property. Assessed value is often left over from the current market value, but it gives you a basic value of the property to work. Property tax records can also tell you how the value has changed from time to time.

Ryan Air is the best thing that has ever happened to people who love to travel thanks to the insanely priced tickets. A common complaint about the airline is that it rarely lands in major airports due to the prohibitive airport taxes that eliminate its value. I for one see this as something positive.

The budget deficit is soaring, we are trillions in debt and the economy� is in a shambles, so how are we going to dig ourselves out of this hole? One idea being bandied around is introducing something called VAT. It stands for Value Added Tax but ha

VIRGINIA BEACH For the second year in a row, home values continued their downward slide. Single-family homes posted a 7 percent decrease, low-rise condominiums fell 6.9 percent and townhomes dropped 5.3 percent. Residential and agricultural land makes up 85 percent of the city's tax base. Commercial and industrial make up the other 15 percent.

Addressing some other reasons to support the land value tax and potential objections

We've all heard for decades that the tax code needs an overhaul, it needs to be made simpler, made more progressive, made flatter, made into a sales tax, you name it. We've had a debate about whether we should have an income tax, sales tax, or no tax, but here we will talk about something that should be talked about more: a land value tax

Run on this platform: Bring all troops home and make the top priority of the Federal government to protect US territory from trespass. Only one Federal tax: 5%/year on land value. No filing. Individuals own first $80,000 of land value tax-free. Turn over all Federal programs to the States, with funds apportioned by number of adult citizens.

Location: Carlton Dr, Bumpass, VA Lot Size: 0.9 Acre FMV (really, Tax Assessed Value): $49k Your Price: $14,900 (Reduced for an All-Cash Sale)Features: Raw Land, wooded lot, residential subdivision with many houses built already, Taxes ~ $300/year, POA ~ $20/month, Value has nearly DOUBLED EVERY YEAR in the last 3 years.