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To: bacchus_ii who wrote (43912)	6/11/2001 11:38:07 PM
From: dale_laroy	Respond to of 275872

>One of the funniest and interesting way for doing it is the French government. It leave you define the value of you propriety. You pay tax accordingly. If the government think you put a too low valuation they expropriate you at that price!< On the surface this would appear to be a fair system, more or less like one brother dividing a candy bar in half and the other one choosing halves. Unfortunately, it wouldn't work in modern day US. The problem is zoning laws. If the zoning board classifies my property as agricultural, the value I place upon it would end up being that for typical farmland, because the law would bar me from developing the property. On the other hand, if an influential citizen, perhaps a large campaign contributor or relative of a zoning board member, decides they want to build a shopping mall on my land, they could have the government take my land for what I claimed its value was, then zone it for commercial use before turning it over to the developer. Actually, this is pretty much what the law of Eminent Domain has devolved into anyway.