this post was submitted on 19 Oct 2024
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[–] Schlemmy@lemmy.ml 18 points 1 month ago (2 children)

What do you mean? Where did it not catch on? In Belgium (Flanders) you pay taxes on unused property, whether it is a building or a vacant plot.

[–] tal 12 points 1 month ago* (last edited 1 month ago) (1 children)

It's a very specific system where government revenue comes from a tax on the value of land (and not even on improvements on that land, so a mansion on land wouldn't be taxed, for example).

Most countries have some form of property tax. IIRC the UK is the only G7 country that doesn't, has a mostly-flat-rate council tax, though they do have a transfer tax on sale of real estate. But property tax isn't a land value tax, and having one doesn't make a country Georgist.

I'm fairly confident that there are no countries that have gone for deriving their revenue from a land value tax.

[–] Schlemmy@lemmy.ml 5 points 1 month ago

The tax that I'm talking about is calculated on the value that has been attributed by the cadastre. You pay it when you own the property without having a building or any other land use on site.

Then, when there is a building on the plot that isn't being used as intended you get taxed on that. The rate is increased by 100% every year with a maximum of 4 increases resulting in a maximal tax of 500% of the base tax.

This is besides from the standard property tax that makes up an average of 50% of municipalities incomes. There are municipalities in Belgium they get up to 90% of their working funds out of those taxes.

[–] AngryCommieKender@lemmy.world 6 points 1 month ago

Stupid ~~Sexy~~ Taxy Flanders