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I was with the consultants when this was done, drawing red lines on a laptop, talking about site values.
Critics have observed that taxes on site values can reduce the incentive to make sites valuable, thereby weakening the intent of the tax.
For the first time, realistic and physically meaningful nucleation site values were obtained.
The final output was a one-dimensional ranking obtained by Analytical Hierarchical Process considering total predicted impacts, total site values, risks and uncertainties as well as special site values.
Red dots represent mean site values, bars 1 SD; b Volume increment per 10 years as related to stand age.
At each site, values were measured at five extents: 100 m, 250 m, 500 m, 1 km, and 2 km radii buffers.
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The city also donated the museum's one-acre site, valued at $1.1 million.
"The review will cover the option of moving to site value rating within five years, and in the longer term land value taxation more broadly," a spokesman said.
The land tax, even at a modest 2% of the site value, encourages them to develop the property or sell it.
On being invited by an elderly lady to "tell me all about it", he enthused about abolition of schedule tax, site value rating and other topics of Liberal policy.
He acquired a multimillion-dollar penthouse in Houston, his home city, plus three large houses in Aspen, Colo., worth more than $5 million each, along with a building site valued at more than $1 million.
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