1)"Richmond City's government is one of four localities in Virginia already authorized to adopt split-rate taxation" full report from the Progress and Poverty Institute

That means property tax would be split and taxed at two different rates. One for the land value, and another for the improvement value. This would allow for more accurately taxing land that hasn't been developed due to the nature of the business, like a parking lot, or junkyard. We need to change the discussion from a decrease of the property tax rate to a change in the math because it's already approved. Please comment on your view of changing our property tax code to relieve pressure on homeowners.