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Search Results: keywords:"historical appraised values"

  • S. 5595 aims to amend the Thye-Blatnik Act of June 22, 1948, to change how the value of certain properties is appraised. The amendment requires the Secretary of Agriculture to determine the appraised value based on the highest fair appraised value, which includes historical...

    Simple Explanation

    Congress wants to change a rule about checking how much certain properties are worth by looking at the highest value from past and present times. This change might make it tricky because there's no clear way to decide what the highest value is, and it gives one person a lot of power to decide.