A Land Value Tax (LVT) is a tax based on the value of land itself, rather than the buildings or improvements made on it. This means that property owners are taxed for the location and potential of their land, encouraging efficient use of land and discouraging speculation. LVT is often proposed as a way to promote fairness in taxation, as it targets unearned income from land ownership. By taxing land value, it can help reduce inequality and generate revenue for public services, benefiting the community as a whole.