> run a regression on comparable sales and take human judgment out of it.
It's extremely rare to find enough comparable sales of parcels of land only to run a regression on. In an intensely developed area, the overwhelming majority (like 98+%) of sales will be inextricably linked sales of land and improvements of that land.
I have some intellectual agreement with LVTs, but the practical implementation is daunting and it seems to make it much harder to appeal a bad assessment.
It's extremely rare to find enough comparable sales of parcels of land only to run a regression on. In an intensely developed area, the overwhelming majority (like 98+%) of sales will be inextricably linked sales of land and improvements of that land.
I have some intellectual agreement with LVTs, but the practical implementation is daunting and it seems to make it much harder to appeal a bad assessment.