No, I think it is the opposite. The more options available for your land and that of your neighbors, the higher your land is valued.
This means you want the maximum restrictions to keep the value low, for both you and your neighbors.
This means you want the maximum restrictions to keep the value low, for both you and your neighbors.
you can put a duplex or quad-plex on a parcel and have much lower rent, but higher parcel land value.
If you are a homeowner who wants lower land value tax, you should fight tooth and nail to prevent higher density zoning,
Less extreme, if you have a neighbourhood with plots that allow unlimited building and a few plots that only allow single family homes, the latter would be a lot cheaper.