Since so much of land value is in downtowns, in a theoretical shift to land value tax, most of the increased land value revenue would come from vacant and underdeveloped parcels downtown. The median tax burden on single or multi family homes would actually be reduced. An example is this model of Spokane: https://landeconomics.org/reports/spokane-report#:~:text=sin...

And a lot of the time, it’s those truly rich people who own those vacant/underdeveloped parcels in downtowns.