Of course it will. You just need to charge the land value tax to the owning entity. The same is true now for any taxes, fees or fines regarding that property.
If those are not paid, government can seize and auction-off the property.
Yes anonymous ownership and Georgism aren't strictly mutually exclusive, but the path that led us here is a decidedly incompatible ideology of land just being another asset.
If those are not paid, government can seize and auction-off the property.