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> The assessors in that case should use historical sales data to adjust down the valuation of the property. Isn't that exactly what assessors should be doing?
by usaar333 6y ago
> The assessors in that case should use historical sales data to adjust down the valuation of the property.
Isn't that exactly what assessors should be doing? I don't see how you can value real estate without factoring in land values, which is best determined by nearby prices. If racism drives down sales values in a neighborhood, that should be reflected in property tax assessments.
- pmdulaney 6y agoSuppose there is racism on the part of the real estate agents; they don't work as effectively for black clients as for white clients in the same neighborhood. So white and black clients in the neighborhood get taxed based on the average sale price -- which benefits whites (because it is less than they can sell their house for) and harms blacks (because it is more than they can sell their house for.) Or similarly, if buyers are racist the same kind of dynamic could take place. In either case, though, it doesn't seem as though the assessors are doing anything wrong, unless we want them to start taking the race of the owner into account when they do their assessments.
- deleted 6y ago[deleted]