S. 5595 amends the Act of June 22, 1948, known as the "Thye-Blatnik Act." The bill focuses on updating the method for appraising the value of certain properties. It specifies that properties should be appraised at the highest fair value, including their historical values, as...
Simple Explanation
The bill wants to change an old law to make sure the value of some special lands is checked in a special way so they’re worth as much as possible, considering both what they’re worth now and what they were worth before. However, it’s a bit tricky because the person who decides their value has a lot of freedom to choose how much they think it should be.