The Virtues of Two-Rate Taxation
This blog has been quiet as of late, but I’ve got a new piece up over at Streets.MN about why taxing land and buildings at different rates would encourage more productive/efficient land uses in the city’s urban core while discouraging the kind of over-speculation that creates real estate bubbles. The piece looks at one intersection downtown where one commercial landowner (owners of the Minneapolis Grain Exchange building) pays 42 times more property tax per square foot of land than his neighbor (a surface parking lot). You can get the full story here.
