Sounds like fraud with extra steps.
Who is being defrauded?
Who even is the fraudster? The operator of the building is losing money, so clearly they're not making a gain from anyone
Yes, but seems unlikely to be prosecuted... The government directly benefits from higher tax valuation.
Who is being defrauded?
Who even is the fraudster? The operator of the building is losing money, so clearly they're not making a gain from anyone