Definition of LVT

landing vehicle, tracked

Learn More about LVT

Dictionary Entries near LVT

lve

LVN

lvs

LVT

LW

LWB

lwei

See More Nearby Entries 

Statistics for LVT

Cite this Entry

“LVT.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/LVT. Accessed 27 January 2020.

Keep scrolling for more

More Definitions for LVT

Financial Definition of LVT

What It Is

A land value tax (LVT) is a tax on undeveloped property.

How It Works

Local governments that impose an LVT specifically target pieces of property that someone owns but has not developed or modified for residential or commercial purposes. For example, an acre of property in its natural state would be subject to an LVT whereas a piece of property with a home and landscaped surroundings would not be subject to an LVT (but would likely be subject to other types of property taxes).

Why It Matters

Many economists and policymakers like LVTs because they are based solely on the value of the land, which is driven by market supply and demand. In this sense, LVTs do not have the distortive effects of traditional property taxes.

Source: Investing Answers

Comments on LVT

What made you want to look up LVT? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

one that suddenly gains wealth or power

Get Word of the Day daily email!

Test Your Vocabulary

Intact Latin Quiz

  • roman tablet
  • What did focus mean in Latin?
Spell It

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ
Dictionary Devil

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!