Low dollar properties being over appraised relative to high dollar properties exemplifies what issue?

The situation where low dollar properties are over appraised compared to high dollar properties is indicative of vertical equity. Vertical equity in property assessment refers to the principle that properties of differing values should be taxed at different rates, reflecting their ability to pay; higher-value properties should generally pay a higher share of taxes than lower-value properties.

When low dollar properties are over appraised in relation to high dollar properties, it creates a disparity in taxation that undermines the principle of vertical equity. This can lead to an unfair tax burden on owners of lower-valued properties, while owners of higher-valued properties may benefit from lower relative assessments, skewing the overall tax system.

This scenario emphasizes the importance of fair and equitable assessments that align with property values, to ensure that the taxation system is perceived as just and that taxpayers contribute equitably based on the value of their properties.