Actually no, land value tax is not a marginal cost so does not change the profit maximizing use of land.

The idea of cost-plus pricing is folk economics.

Tax incidence is very well understood in economics and has to do with relative supply and demand elasticity (supply of land is perfectly inelastic) and marginal costs which land value tax does not touch.

It's accurate to say LVT changes the price of land. But it doesn't change the profit maximizing productive use of land.

Other taxes that scale with production (sales tax, income tax, property tax) do change profit maximizing productive use.