4 ms·

Thanks for the responses. To clarify the last question, my house value would be affected if it was known that my neighbor will undergo a construction project.

Thanks for the responses. To clarify the last question, my house value would be affected if it was known that my neighbor will undergo a construction project. So I was just wondering that if the rise in propensity to teardown increased under LVT, that it would have weird ripple effects of devaluing the land of the good house by virtue of it being next to a future construction zone.

jacobr1 5y ago
I think that would depend on the frequency the tax assessment occurs, and under what kind of legal structure. If your whole neighborhood is in the midst of a multiyear construction boom, then maybe that gets factored in. But if we are talking about a few nearby plots, then the valuation is probably being based on a some area averages anyway without factoring specifics.