Domestic Enemy- Jack of Clubs

Now that you mention it, why hasn't Schwarzman been prosecuted for fraudulently inflating the value of his properties?

I disagree.

The valuation of rental property includes consideration of the rental income.

Higher rent = Higher property value.

But that's not overvaluing. That's the free market.

Just like señor Trump.

Again...the STATE determines your property taxes based on the STATE'S physical, visual, in person inspection of your property which the STATE reinspects at reevaluates at regular intervals.

One place I own property the interval is every three years and I pay taxes on 85% of the assessed value...I forget the millage rate off the top of my head.

My STATE assessed value has doubled in the last 10 years and my property taxes have increased an additional 50%.

My market value has gone up 400% - 500% (quadrupled - quintupled) of what I paid for the property.

If I demonstrated rental income the market value would be even greater as it is an urban area.

While you are correct that higher rent creates additional tax revenue, it is not via property tax.

The are incorrectly conflating assessed value, on which the property taxes are based, and with market value.

The assessed value is determined by the state assessor agent physical inspection of the property.

Market value is usually much higher.

You will be able to borrow more against, and/or sell for more when the rental rate/income is higher.