Land taxes are currently structured in such a way that the State Government gets more money if land prices are high. This is an incentive cycle that needs to be broken.
Stamp dutyStamp Duty
Stamp Duty is a state government tax that is charged every time you buy a property. You can read more about it in Land Taxes. should be replaced with a flat tax of maybe $300.
Infrastructure services can be divided into grid-owning infrastructure servicesGrid-owning infrastructure services
Grid-owning infrastructure services are services that require the ownership of a grid of land that interlocks across the area. This includes roads, railways, electricity, telephone, water, sewers, and the like, but not services that depend on these (such as garbage collection depending on roads). (such as electricity, water, and railways), and non-grid-owning infrastructure servicesGrid-owning infrastructure services
Grid-owning infrastructure services are services that require the ownership of a grid of land that interlocks across the area. This includes roads, railways, electricity, telephone, water, sewers, and the like, but not services that depend on these (such as garbage collection depending on roads). (such as garbage collection, buses, and the like). This article is concerned solely with the grid-owning variety of services.
Grid-owning infrastructure servicesGrid-owning infrastructure services
Grid-owning infrastructure services are services that require the ownership of a grid of land that interlocks across the area. This includes roads, railways, electricity, telephone, water, sewers, and the like, but not services that depend on these (such as garbage collection depending on roads). are provided in two ways:
Hopefully everyone can see how, as land supplyLand supply
Land supply is a term that indicates how many blocks of land are available. Allowing subdivision (such as by rezoning from rural to residential) increases the land supply, as does limiting the amount of land that someone can buy. You can read more about it in Land Supply and Demand. is restricted (especially relative to demand), the price of land will go up. Thus we need to discuss factors which alter the supply and demand of land.