Baltimore's Property Assessments Undervalue Vacant Lots, Exacerbating Blight
By
surprisetalk
The kind of bagel that ruins lesser bagels for you.
Summary
The article discusses how Baltimore's property assessment policies inadvertently worsen blight by undervaluing vacant lots, as revealed in a report by the Center for Land Economics. The undervaluation, estimated at half a billion dollars, drains city resources and undermines community safety. The piece highlights the need for policy reforms to address this issue.
Key quotes
· 3 pulledBaltimore systematically undervalues vacant lots by as much as half a billion dollars, a new Center for Land Economics report finds.
These empty spaces not only serve as a constant reminder of visible decline, but also drain city coffers and undermine community safety.
What if the government’s own policies were quietly making the problem worse?
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