Lets think through this.
I “developer” buys a run down property, does some minor renovation, gets the tax assessor to come out and jack up the “value”. Run the renovation out past the time frame and poof - automatic buyer at the new appraised tax value.
Hey, what could go wrong?
“gets the tax assessor to come out and jack up the ‘value’”
Here in Florida, our tax vultures simply feast based on the building permits issued.