The Value of land is a combination of the natural resources provided free by nature and the value of services generated by society.
This "Public Value" has been diverted and retained by landowners for their own benefit. This "Public Value" has a rental value and it is proposed that a revenue system termed "Annual Ground Rent" be applied to regain a portion of the "Public Value" to share with society in general.
"Annual Ground Rent" to replace Council Tax plus a 3 pence in the £ reduction in Income Tax.
SEE THE ATTACHED ARTICLE ON AGR.
PAPER ONE ILLUSTRATES APPLYING ANNUAL GROUND RENT BASED ON A RATE PER SQUARE METRE.
PAPER TWO ILLUSTRATES APPLYING ANNUAL GROUND RENT USING A FIXED PERCENTAGE OF GROUND VALUATION.