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A land value tax ( LVT) is a levy on the value of land without regard to buildings, personal property and other improvements upon it. [1] It is also known as a location value tax, a point valuation tax, a site valuation tax, split rate tax, or a site-value rating . Some economists favor LVT, arguing it does not cause economic inefficiency, and ...
Land value taxation (i.e. property tax applied only to the unimproved value of land) has a long history in the United States dating back from Physiocrat influence on Thomas Jefferson and Benjamin Franklin. It is most famously associated with Henry George and his book Progress and Poverty (1879), which argued that because the supply of land is ...
The Permanent University Fund (PUF) Santa Rita No. 1 rig, used in the discovery of the Big Lake Oil Field in 1923. The Permanent University Fund ( PUF) is a sovereign wealth fund created by the State of Texas to fund public higher education within the state. A portion of the returns from the PUF are annually directed towards the Available ...
Median household income and taxes. Most local governments in the United States impose a property tax, also known as a millage rate, as a principal source of revenue. [1] This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio ...
The Texas Land Survey System is often measured in Spanish Customary Units. The most important of these is the vara, which, while ambiguous in the past, was legally established to be exactly 33 and 1/3 inches long in June 1919. Gold, Kenneth G. (2009). Selected Texas Statutes and Boundary Decisions for Land Surveyors, Land Title Agents and Title ...
The Texas dollar was the currency of the Republic of Texas. Several forms of currency were issued, but an ongoing economic depression made it difficult for the government to provide effective backing. [1] The republic accepted the standard gold and silver coins of the United States, but never minted its own coins. [2]
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