Comment by nlittlepoole

Yeah exactly. Wouldn't it be easier to make it self reported but use a mechanism to incentivize accurate market prices. Like enforce that the owner can't sell for more than x% the reported amount and rents are capped based on the reported amount. Use of the property as collateral has to match the reported value. You can only be insured for value up to that reported number. Lots of things the state can do to create that incentive.