Suppose that the province of Nova Scotia currently has a
property tax that imposes the same tax rate on land and structures
in the province. The provincial government has recently decided to
increase the tax rate on land and remove the tax on
structures.
1. Analyze the consequences of the decision on landowners, tenants,
government, and the community (society) of the province, using the
traditional view on the property tax. Use suitable diagrams to
illustrate.
2. Analyze the consequences of the decision using the new view of the property tax.
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