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1 vote

If land value taxes should be estimated at highest and best use, wouldn't that mean that planning/zoning gain would not be captured?

Highest and Best Use is based upon what is legally permissible. "The highest and best use considers only the uses that are legally permissible (meeting zoning, health, and public restrictions), ...
user13353's user avatar
1 vote

Why is land considered fixed if the supply of land for a particular use is not fixed?

Why is land considered fixed if the supply of land for a particular use is not fixed? Land is not considered always fixed. You are making overgeneralization. In many 101 textbooks land will be ...
1muflon1's user avatar
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