No, the building on that land is assessed for value and property tax is levied based on that assessment. This is how it works throughout Canada/the US.
The point is that we should only be taxing the value of the land, not the value of buildings/improvements built on it. ‘Property tax’ implies you’re taxing both, ‘land tax’ implies only taxing the land itself
Are there places that only collect property tax once a building is built on it? As far as I understand, empty land is typically taxed via property tax
No, the building on that land is assessed for value and property tax is levied based on that assessment. This is how it works throughout Canada/the US.
My experience is that vacant land does have property tax collected on it. But that may be unique to Ontario.
The point is that we should only be taxing the value of the land, not the value of buildings/improvements built on it. ‘Property tax’ implies you’re taxing both, ‘land tax’ implies only taxing the land itself