Let's be honest in our appraisals for property tax. One big way of knowing whether those appraisals are accurate is to have disclosure of sale prices on land and houses. Who could be in opposition? Lobbyists for business groups. Apparently, commercial property is easy to undervalue when appraised. If the property is undervalued, then the property tax payments are artificially low. This raises property tax proportions for residential properties. Yes, businesses may have to change their prices, but I think that the honesty in the appraisal would be worth it.
Tuesday, July 1, 2008