Could this obscure tax idea reshape American housing?

Could this obscure tax idea reshape American housing?

Over the last six months, an obscure housing policy idea has emerged as one of the most talked about proposals to revive Detroit, Michigan — an idea that could potentially spur development on the city’s vast amount of vacant property as well as lower the city’s...
Land Value Taxes—What They Are and Where They Come From

Land Value Taxes—What They Are and Where They Come From

Chicago Fed Letter, No. 489, November 2023 By Elizabeth Kepner , Rick Mattoon Changes to property tax structures, including the introduction of split-rate taxation, have been seeing increased interest from policymakers. Split-rate property taxation is rooted in the...