7 ms·

I think you're missing the point - that system invites corruption of the appraiser. There's a nice kickback in it for someone who artificially inflates the appr

I think you're missing the point - that system invites corruption of the appraiser. There's a nice kickback in it for someone who artificially inflates the appraisal of a worthless property and, forcing the city to buy it from the owner who is in cahoots with the appraiser. Leaving the citizens holding the bag of course.

Fatnino 4y ago
That will become apparent as soon as the city is stuck holding a property it can't sell back to the open market and the appraiser will quickly find himself audited.
troyvit 4y ago
Why wouldn't a city use an independent appraiser to vet those numbers?