> Except Georgists determine your unimproved land value by looking at the improved land value of everyone around you.
How, exactly, do you get from improved land value to unimproved land value?
It's arguably possible to approximate the value of a hotel+land across the street from Disneyland. How, exactly, do you determine what fraction is hotel (improvements) and what fraction is land?
Looking at other hotels in the area just tells you (an approximation of) the difference between the hotel values. That's not enough to determine the absolute value of any hotel.
