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Joined 1 year ago
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Cake day: July 1st, 2023

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  • Pardon, I don’t get this - “The developer can position themselves as the “highest bidder” by an extremely small margin over the property’s historical value, denying the current owner the windfall from the recent removede in land value.” - Wouldn’t ask/bid and transaction value determine the land value? Why does the land value tax increase a lot if the best offered purchase value will be only slightly higher than historical?