[Question] Is there a worked example of Georgian taxes?

I’m trying to think through the effects of a Georgian tax system, where the levy is based on “the value of the land”. But in my conception, that’s either very small, or it actually includes improvement value (and improvements on neighboring land). The entire value of land is how it’s used, I think.

Relatedly, land (and capital generally) is a stock, and taxes are generally a flow. The proposal seems not to be a one-time tax to just take the land value from current owners and then let future owners enjoy the (unfair) gains, so it’s something like “imputed rent” or “this year’s expected proceeds from using just the land with no labor or improvements”. I’m unsure how the former isn’t including improvements and usage, nor how the latter isn’t close to zero.

Are there any examples of how much to tax a few properties in a real (or real-ish) example? Feel free to specify two small apartment buildings with given (but varying over time) end-user rents, vacancy rates, age of building, etc. What part of their actual net profit is due to land value? Likewise for a homeowner with 110 acre and an assessed value of $500k (split evenly for tax and insurance purposes between land and house, but actual replacement cost for the house closer to $400k, and Zillow says the value should be closer to $650k).