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Greens support a land value tax. Land values are the value of a property that comes in addition to, for example, the bricks and mortar cost of a house. They are usually caused by the property being in a particularly attractive, well-served, convenient or otherwise beneficial area and by the planning permission granted to a location. Land value arises because of the provision of public services and the general economic activity of the community. The land value of a location is community-created. Land value is not created by property owners who should therefore not benefit from it when it becomes incorporated in higher capital or rental values.
– Mark Ballard
Green Party National Secretary
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