% of Land Rent Versus Uncollected Land Rent

If you under assess o property's land by 15 %, the assessed value is 85 % of the true value. That would leave a pretty big safety margin for not overtaxing the land,. Even if there's positive 15 measurement error, we still have a small amount of uncollected land rent. The x axis ranges from negative 15 to plus 15 and shows measurement error in the assessment. So this graf is showing us how much uncol collected land rent versus collected land rent there is for every different measurement error between negative 15 and positive 15.