Location Value Covenants as a Pilot Scheme for LVT

Summary

This is a work in progress for the adoption of voluntary submission of a properties land value, though a location value covenant(LVC) in exchange for a higher tax code(taxation mitigation)

Outline

• Creating tax havens on individual properties
• Tax exemption to the extent the property owner volunteers to pay the imputed annual rental value of the location, through adjusted tax codes
• A voluntary scheme, objectors simply avoid, beneficiaries opt in
• LVC opt in captures land value gains as opposed to forced confiscation of earned incomes 
• Exempts owner from taxation of their choice
• Can be integrated with mortgages by the state issuing Treasuries to redeem the mortgage
• Example class: VAT exemptions for commercials