Tim Wilmath | How is Real Estate, Property Taxes, and Property Appraisals Related to Parasitic Capitalism?

In this episode, we begin our discussion about the role of real estate property, the ownership of property, and how property taxes have affected the development of cities and communities. My honored guest, Tim Wilmath, (Property Appraiser) helps the listener understand the impact of property taxes and he explains how appraisals and valuation of real estate property works. Who should pay taxes, how do you ensure there's equity and fairness in the tax system, and what is the market value of the property? Fiinally, why do assessors typically only consider the market value of the land and building? How do they adjust for the intangibles associated with real estate property?