u/OneGolf1606

As the title asked, Has their been any major attempts to update the LTV calculation since they were first purposed? As it stands it only taxes the land at market rate but the market looks more and more to favor the ultra wealthy that can set the prices to what ever they want. Little to say that with AI people may not be able to work to pay market prices. I've looked around for some updates but haven't found any. I'm working on a price calculation that only taxes land but also takes into account the environmental displacement, and the cost that the collective has to pay when exclusive use is permitted. The closest I've found is the LVT = Unimproved Land Value * Tax Rate. Any help would be appreciated.