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hypotenoos t1_j9rvt84 wrote

Reply to comment by Kered13 in Tables turn on Allegheny County assessments, as new math favors owners over tax collectors, schools by RadioChris1

Every sale doesn’t qualify as “fair market value”

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Kered13 t1_j9s0vmv wrote

Any open market sale should be close enough. I mean obviously if you sell it to your friend or family member for $1 that shouldn't count.

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hypotenoos t1_j9s1de5 wrote

But what if you sell it to them for $150k but it’s “really” worth $180k?

Gifts of equity and seller concessions happen all over the place.

Penny more, penny less becomes less of a good standard real quick.

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