“ The technical difficulty of how to value unimproved land, while not insurmountable, is considerable and prone to generating confusion and a lack of transparency. There needs to be a good understanding regarding what LVT is and what it is supposed to achieve and sufficient resource put behind the valuation exercise.”

“There needs to be a good understanding regarding what LVT is and what it is supposed to achieve and sufficient resource put behind the valuation exercise. Use of automated valuation models can reduce appeals against assessments, but currently these are only really practicable for domestic properties where reference to comparable capital transaction prices underpin values. However the Danish system which incorporates GIS (geographic information system) modelling with hedonic pricing techniques is considered by Milan et al. (2016) to offer the greatest potential moving forward. For the successful introduction of a land value tax, the issue of arriving at a credible land value method is a pre-requisite."