5 ms·
Eh, not quite. There are lots of market forces on that number, mainly not wanting to pay higher taxes and higher insurance and having the ability to appeal/cont
by ethanbond 3y ago
Eh, not quite. There are lots of market forces on that number, mainly not wanting to pay higher taxes and higher insurance and having the ability to appeal/contest it and get different appraisers.
- sokoloff 3y agoI am not taxed differently on the land vs the buildings. There is no market force on the land portion specifically from the city. Any appeal I would make would be based on comps, which are invariably land and improvements together. My insurance limits are distinct and negotiated between me and the insurance company, based on the cost to rebuild, which is at best loosely correlated to the current value of the improvements.