2 ms·
After reading the article, the impression I came away with was that they were choosing "comparable properties" that were recently re-sold big box sites. It seem
by cmiles74 8y ago
After reading the article, the impression I came away with was that they were choosing "comparable properties" that were recently re-sold big box sites. It seems that the municipality's appraisers take the infrastructure around the site into account whereas the appraisers for the big box stores are not.
- ams6110 8y agoEach party's appraiser comes up with a value favorable to its customer? You don't say!
- cmiles74 8y agoI think it's weird in this case that the methodology on each side is so drastically different. IMHO, the missing piece is clear rules on how to compare large crappy properties that only warehouse stores are interested in... Everyone used to agree on methodology but now the large chains are changing their minds. Similar to the Amazon HQ2 saga, providing tax breaks to these companies isn't worth it in the long run; that practice should probably cease.