



A new 3000 word article available as a download discusses LVT in fuller detail, beginnning with an explanation of how land value arises and what it actually is (and is not). One of its aims is to dispel the growing misconception that LVT is a wealth tax based on the selling prices of land. LVT is not a wealth tax and it is a charge on the its rental value, which is an actual or imputed revenue stream. Selling prices are of significance in so far as they are the capitalisation of the rental income that is retained by the title holder, and are thus one means amongst others of establishing rental values.