The portion of the tax due to land value in and of itself is paltry compared to the tax collected on land improvements.
People living in condos have no actual land they own and yet are taxed a percentage of the resale value of the improvement (i.e. what they actually own) yearly.
Just because you have no idea how property taxes work doesn’t mean that they work the way you dreamed up.
When you get a bill for your taxes it itemizes the amount paid to land value vs the amount paid due to improvements. Want to take a guess which amount is bigger?