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Assuming that's true, then who gets to choose the cutoff date or set the cutoff criteria? City council, voters, etc.? If so, what's stopping them from changin
by MichaelZuo 3y ago
Assuming that's true, then who gets to choose the cutoff date or set the cutoff criteria?
City council, voters, etc.?
If so, what's stopping them from changing the definition every election cycle to score political points?
- afiori 3y ago> In the context of LVT, 'unimproved value' pretty much means the value of a lot minus any buildings on it no cutoff necessary, the distinction is between thins on the lot of land and things not on the lot of land today.
- MichaelZuo 3y agoBut the 'value of a lot minus any buildings on it' is a subjective definition that can be changed? It clearly's possible one election year for that definition to be expanded to included remediation of any underground improvements for example, or a penalty if it uses certain undesirable materials, etc...