From New York to Austin, America’s biggest cities are littered with vacant plots of land because property tax bills can skyrocket once vacant lots are developed into homes and apartments. WSJ explains the unseen role property taxes play in the country’s housing shortage and explores the merit of a land-value tax.
0:00 What’s wrong with the current U.S. property-tax system?
0:41 Why taxes go up when property improvements are made
2:22 Analyzing the scale of vacant land in Austin
3:52 The pros and cons of a land-value tax
Matt Coneybeare
Editor in Chief
Matt enjoys exploring the City's with his partner and son. He is an avid marathon runner, and spends most of his time eating, running, and working on cool stuff.
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