markitect-main/examples/infospace-with-history/output/entities/land-tax.md

Land Tax

Definition

A tax levied on the rent or value of land, which may be assessed either according to a fixed valuation or varied with changes in the actual rent of the land, and which can be a significant source of public revenue.

Source Chapter

Book V, Chapter 2

Context

Smith analyzes different methods of assessing land taxes, comparing the English system of fixed valuation with more variable systems, and discusses the advantages and disadvantages of each approach for both the government and landowners.

Economic Domain

General Theory

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