If this is illegal, then there is not a single home realtor/flipper that is not breaking the law!
They try to get their value appraisal as HIGH as possible!
All the while trying to get the local tax appraisal district to say the house is basically worthless!
It is all designed for them to make the MOST PROFIT and sell the low taxes to potential buyers!!
This is just more of the same fishing expedition!
My son flipped a house in Nashville. It was a fairly old house , still solid but needed a lot of work. When it was over the bank appraised it at $250k but would nay loan $225k. I wonder if this couldn’t have to do with income evaluation of property?