North Carolina-Virginia Chapter
We believe that changes in the states’ property tax systems can improve access to housing, and sustainably finance the infrastructure that we all depend upon.
We want laws that treat land and natural resources as a commonwealth for the productive use of all, rather than merely as a commodity subject to speculation and used as private passive income. Taxing private use of land and natural resources keeps prices low and stable, broadening ownership and encouraging productivity (i.e. putting land to its “highest and best use”).
Our members work to educate about Land Value Tax, tax on the value of land—ie, a levy that, unlike a property tax, does not vary with the number of houses, or apartments or office buildings built on. Land Value Taxation can help mitigate market swings in real estate by separating the more stable value of the land from the buildings in creating a manageable system for real estate taxation.