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Perhaps his ratio makes sense but density is why that poor block example has a higher appraised land value than the single taco joint in the affluent area which
by exclusiv 10y ago
Perhaps his ratio makes sense but density is why that poor block example has a higher appraised land value than the single taco joint in the affluent area which is mostly parking.
So his argument doesn't stand up in that case. Sure the poor block has a higher assessment and more property taxes unless those businesses got tax rebates for operating there. But that's just one revenue metric for the block.