Which, if you ever want to have anything of your own or be better than median in some way should concern you greatly.
Some people will not rest until you’re poorer and more miserable than them, no matter what. Even if it means hurting themselves (and everyone else) to do it.
Crabs in a bucket mentality is deeply destructive and dangerous.
If you want the most valuable land, you should be operating enterprises that provide values high enough to pay for the land.
If property taxes don't vary based on who owns them, but rather by some standardized valuation, then why does it matter if it is owned by an LLC, a Corp, or some individual? The tax is the same and needs to be paid regardless. The land will need to be used effectively, or it's a cost on a balance sheet somewhere coming out of someone's pocket.
The 'utility based value' is always the same then, correct? And the incentive to use it effectively is the same too, correct?
The 'value' of these kinds of rule changes is because, eventually, the tax WILL be different based on who owns it. 'Good people' (based on the current political winds) of course being given good rates, and 'Bad people' getting punitive rates or having it outright seized.
For instance, if the owner is doing something obnoxious on a parcel in town, the town can put a lien on it, or condemn it. Then the problem is fixed and that parcel is taken away.
If someone is monopolizing hotels (say) in an area, the local county or state can pass a tax on hotels that make it less desirable to do that. Or start taking on anti monopoly action in the hotel industry in the area.
If that same person owns a parcel in another state, how do those two things relate? Or say one hotel in another state?
Unless someone also wants to go after that other parcel or property, anyway, as a prize.
The best approach would be one where the government issues long-term leases to parcels of land, but property taxes are an okay-ish alternative if that (or LVTs) aren't feasible. Note that this is already what we do for things like the EM spectrum: the government owns it in the public trust, then leases it with an open bidding process.
