"We have to appraise all properties at market value. Market value is what it would sell for in a fair-cash transaction. The best way for us to determine what is market value is to have that info of what is happening in the market,” Crigler said.
The county only knows about 11 percent of commercial property sales. This means it has a hard time coming up with a property valuation it can tax.
For instance, a number of downtown properties were valued almost 40 percent under market value last year, which costs the county millions.