Yeah nope. You have to understand the reason deductions exists for income tax is that they allow you to deduct your costs from the revenue you take in and are only paying tax on the profit.
Edit: I should add plenty of places that do have land taxes usually have a lot of exemptions like here, your primary residence is exempted as well as any land for primary production (land used for agriculture) but those exist for political reasons.
![[meme] How would you rather see this land developed?](https://lemmy.world/pictrs/image/f6ec67a5-2636-4875-8dd4-fa5241a3083c.jpeg){kind=link}
I think you are implying there’s deductions against land value tax but there typically isn’t.
Even for businesses?
Yeah nope. You have to understand the reason deductions exists for income tax is that they allow you to deduct your costs from the revenue you take in and are only paying tax on the profit.
Edit: I should add plenty of places that do have land taxes usually have a lot of exemptions like here, your primary residence is exempted as well as any land for primary production (land used for agriculture) but those exist for political reasons.
Interesting, that makes sense.