again, rents here are economic rents, not rent payments, which is an unfortunate name collision. economic rents are, by definition, unproductive capture of surplus. rent payments can fall into productive (for the provision of services, upkeep, and expansion) or unproductive (excess cash flow resulting from restrictive policy) uses, but that's really beside the point in respect to a land value tax.
the land value tax is aimed squarely at taking economic rents of real property down to zero via taxation. in the ideal scenario, the land value tax would be exactly equal to the economic surplus (generated by poor policy or anything else) for each property, to negate the ability to extract economic rents, leaving only productive uses to generate income (perhaps in the form of a rent payment).
the land value tax is aimed squarely at taking economic rents of real property down to zero via taxation. in the ideal scenario, the land value tax would be exactly equal to the economic surplus (generated by poor policy or anything else) for each property, to negate the ability to extract economic rents, leaving only productive uses to generate income (perhaps in the form of a rent payment).