Land Value Taxation (LVT) is a tax system that focuses on taxing the value of land itself, rather than the buildings or improvements made on it. This means that property owners pay taxes based on the location and value of their land, encouraging efficient land use and discouraging speculation. LVT aims to reduce inequality and promote economic growth by ensuring that landowners contribute to the public revenue based on the value their land generates. This system can help fund public services and infrastructure, benefiting the community as a whole.