Land Value Tax Would Solve This (But Probably Not in Indy)

Cities have other tools to encourage vacant properties to develop

Land value tax would solve this

…except in Indianapolis.

Coined the “one good tax” by folks like President Teddy Roosevelt and economist Milton Friedman, Land Value Taxes have long been hailed as a way for American cities to discourage vacancy and underutilized valuable land in their cores. The gist of the tax is that vacant land gets policy-replaced by h…