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"And sometimes the deals that are the hot ones are in the coffee shops because the valuations on those coffee shop companies are not sky high," he said.
The valuations on those properties exceeded their true market value by $65 million, the complaint contends.
Council tax already needs radical reform in the other direction, since the valuations on which the banding is based haven't been revisited since the 90s.
In the financial bust America's state and local governments saw smaller declines in property taxes than other forms of revenue, largely because the valuations on which tax assessments are based were adjusted more slowly and less dramatically than actual prices.
"This supports the view that American investors are not that pleased with the valuations on US equities and think that other markets are more geared to the pick-up in the world business cycle," says Richard Batty, global strategist at Standard Life Investments, part of a British insurer.Anywhere but AmericaMutual-fund flows confirm the Treasury trend and bring it up to date.
So who creates the valuations on Tilton's Zohar loans?
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At the moment, the valuation on this stock is high.
"The valuation on Apple stock right now is unjustifiably low," Mr. Cihra said.
"Part of the reason you get worried is the valuation on the overall market isn't really, really cheap".
Mr Balls denied this would amount to retrospective legislation: "A charge is paid in that [financial] year on the valuation on a date in that year.
Let's raise the valuation on him".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com