Re:Why Are There Suddenly So Many Car Washes?
by BirdieNZ on Sunday March 17, 2024 @11:33PM
(#39740304)
For land assessment, many countries or municipalities assess it regularly. In my country (New Zealand), most city councils re-assess land value and improvements value every three years (and charge council rates based on them).
[ Parent
| on HN ]
Re:Why Are There Suddenly So Many Car Washes?
by _heimdall on Sunday March 17, 2024 @11:42PM
(#39740332)
Its probably more of a rural issue, but assessing value can be difficult when there aren't enough recent comps since the last major economic shift.
I live on around 80 acres (30 hectares?). Our land is a bit unique in the area, and in general there hasn't been a single piece of land sold near us since before the pandemic and all the economic change that came with it. I don't know how the county could possibly know what our land is worth until something similar sells on the open market again.