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IRS slashed property valuations by 97% without visiting the land: Report

The IRS has quietly turned a congressionally-created incentive to preserve land into a trap, overriding costly expert appraisals with desk reviews made by unqualified contractors. That shift could push landowners to develop property instead

Republican Ledger staff · 8:00 PM ET

IRS slashed property valuations by 97% without visiting the land: Report
The Republican Ledger

Our newsroom is writing this report…

The IRS has quietly turned a congressionally-created incentive to preserve land into a trap, overriding costly expert appraisals with desk reviews made by unqualified contractors. That shift could push landowners to develop property instead of conserving it.

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