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devonzuegel.com · Jul 14, 2024

Property values should be normalized by acre

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In the US, it's common for local governments to focus on tax revenue produced by a property, without considering the costs it adds to the city's budget. This is like measuring how far a car can drive without considering how much gas it uses to get there. Different properties create different long-term cost burdens for the city. One of the biggest contributors to that variance is the amount of…

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