[jasonmarks_]

> So this is all about getting the town to assess lots at higher valuations and this way raise tax revenue which in turn will raise town’s ability to spend for itself.

That is one angle of view. Alternatively, you could be encouraging vacant lot (or equivalent structure) owners to sell if neighbors are improving properties while they are not.

[sroussey]

That’s an interesting condition—that the market indicates the land can be improved profitably.

However, it depends. An area might have enough demand for a single improvement, like a 7-11 or something, but no prospects for any more.

Punishing neighbor properties for not getting that one deal is an interesting but not ideal solution.

[jasonmarks_]

> Punishing neighbor properties for not getting that one deal is an interesting but not ideal solution.

It could very well be that it is less than optimal to compare lots intended for residential with lots you would develop a convenience store on.