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Cake day: June 10th, 2023

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  • The simple answer is that the government teams who assess them can’t know the exact market value unless the home they’re assessing sells on the date that their assessment is meant to be for. There’s no other way to obtain the market value other than selling the actual house.

    What someone lists a home for is not the market value, what someone bought the home for 6 months ago is not the market value, and about a hundred other things from renos to rezoning to even a murder can change the market value of a property overnight.

    So these teams use a “good enough” approach which statistically analyze based on property size, location, age, known building information, etc. and then combine this with historical sales data to try to get a decent number so that property taxes can be applied reasonably fairly.












  • You can google these things yourself if you wanted.

    About 90% of the Chinese population has access to clean water, which means around 140 million people still do not, and that’s by China’s own reported numbers and standards. It’s probably worse than that in reality.

    There are more Chinese people without access to the internet than the total US population, About 77% have access, and that metric does not measure households with internet, it’s just people who have ANY access, including using a cheap phone only at public WIFI locations.

    Of course there’s a big difference based on location, some cities on the coasts are exceptionally wealthy compared to rural inland areas.