Why would Walmart make a deal when they could just wait for or lobby the county to valuate your land at some excessive value and force a sale in distress?
LVT is just bad policy that sounds ok in concept. In my city, inner city residential property is near worthless once it falls below section 8 standards. The taxes are low too as result. With a LVT scheme, someone would cook up some “true” value subjectively, which has obvious potential for abuse.
