There's a great thought proposal on how to tax assets fairly. In this system, you are taxed at the self-assessed worth of an asset. However, if somebody bids over that price, you are obliged either to sell it to them, or raise your self-assessment.
It's somewhat of a game (joke perhaps), usually used in the context of ways to fairly assess land value.
It's somewhat of a game (joke perhaps), usually used in the context of ways to fairly assess land value.