For the tax authority (and the public) it's a win/win:
1. Property is taxed at correct rate (win)
2. City buys property at low cost (win)
For the tax authority (and the public) it's a win/win:
1. Property is taxed at correct rate (win)
2. City buys property at low cost (win)
Thats not the scenario I detailed. Read it again.
Your scenario would not happen. It's not one of the "win" cases, as I explained. What would be the point?