Homeowners whose physical home makes up a lot of the value of their property would probably see a decrease, and those whose home makes up a small amount of the value of their property would probably see an increase. The broad idea is to incentivize actually using land instead of sitting on empty lots waiting to flip them.
So what about specifically a vacant/unoccupied tax as opposed to an LVT? Some places in Canada are doing this to disincentivize ownership of vacant condos/properties.
