This doesn't apply to what Detroit is doing, but you could probably also take the underlying logic of land taxes (rent seeking should not be protected from taxation) and apply it to other more modern forms of property.
Stop letting low tax paying SFHing leech off the system, and we will be incentivized to build more.
The best way to keep your land value tax low is to ensure that zoning restricts its use and Light Rail never gets built.
Under a land value tax this flips, and the majority vote would go to up-zoning.
It would be like a flat tax (in dollars, not percent) on every homeowner. Currently the top 5% of income earners pay 65% of taxes, and the bottom %50 pay %2.
Instead of this, every homeowner would pay basically the same. Bezos and Musk would pay more, but they don't own a million houses each, so it wouldn't be much more.
They want to be close to high-paying jobs? They want to be close to highly-paid homeowners? They want to be close to their own workplace? Location, location, location!
But instead of paying the previous owner, who didn't create the land value, they pay the community, year in and year out, for those services.
Makes sense to me.
Meanwhile, blue collar workers tied to living in urban centers pick up the bill.
Lvt would completely decouple income from tax burden
It doesn't make much sense for a modern service based economy. Your typical service sector worker, programmers, doctors, CEOs, would have essentially no taxes as long as they have a small geographic footprint.
Of course it sounds good to tech b