Many leading economist argue for land value tax only as a way to incentivize the most efficient use for our most valuable resource. If land tax was used instead of property tax, a multi-acre plot in a dense urban would be taxed just as much a multi-story apartment building that takes up the same amount of space.

See the Strongtowns article on the subject. https://www.strongtowns.org/journal/2019/3/8/if-the-land-tax-is-such-a-good-idea-why-isnt-it-being-implemented