Except the FMV of condo and condominium units aren't actually fair market values. Instead they are based on a model designed to figure out what income the build

Except the FMV of condo and condominium units aren't actually fair market values. Instead they are based on a model designed to figure out what income the building would produce if it were a rental building. And that's before taking abatements into account. The system overall is not very transparent.