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But the “value†of all the surrounding “land†comes in large part due to other title holders improvements.
Nope. Empty buildings are liabilities not boons unless one enjoys parkour.
It is the community of users -- the business operations themselves -- that create site value, LLs earn their way from the rent.
The intrinsic value of the land is interesting
It's more than merely "interesting". It is the unearned increment itself! Your attempts at being coy about this are amusing.
but inseparable from the aggregated improvements for any sort of “useâ€.
Calculating the unimproved value of land is an elemental task for assessors. This valuation is generally continuous on maps, though of course million-dollar views and such do provide some variation, as do zoning limits of course.
So this is just arguing for the sake of arguing, for this is just quibbling about a minor detail of how much other improvements affect site value. To the extent that other forms of use add site value to neighbors -- eg. private train right of ways -- they can be incented with a lower LVT burden while that improvement is in operation.
my use of “rights†derives from the contract between title holder and sovereign administrator. You call it privilege,
Privilege itself is "a grant to an individual, corporation, etc., of a special right or immunity, under certain conditions." Sure looks like a land title to me -- when the state grants exclusive rights to someone, these are clearly privileges, by the very root meanings of the word.
It's kinda important to get the basics correct. The perversion I reacted to was your development of this idea that the original grant of land use privilege gives one a inalienable right to retain all future rental income from the land -- or, with immunity hold the title without developing it while the community fills in around it.
That is an utter non-sequitur. For one, the grant of fee simple estate in land already includes the tax liability to the state. The question isn't whether the state can assess taxes on land, but what it should tax, for what duration it should tax it, and by how much.
Understanding that land titles are a collective loss of rights for a granting of privilege is a very important point.
but the entire foundation of real property law disagrees with you.
Lawyers, lawmakers, and judges own a lot of land, yes.
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3 bed, 2.5 bath, 2300 sq ft. for 200k built in 2007 in South Puget Sound. Hoping to rent it out for 1650/mo. PITI is $1150. Got to fix it up a little cause it was a former growhouse for MJ. Prices might still keep on dropping, but still think I got a good deal. Go ahead, bash away.