They need to get a handle on assessors and assessments. There is absolutely no reason beyond inflation why my place would have increased in value over the last 3 years. They need to freeze your property value at what you paid for the place and then increase it once the property is sold again. This constant increasing of your property value is a tax on unrealized gains which should be completely against the law!
It is their attempt to level the playing field. uh hem
Your thoughts hold for a long time owner.
Put the shoe on the foot of a new owner. Paying "x" times the amount in taxes that of his neighbor who has owned for eternity. For the same "services".
Not saying I agree with the rules.
Hasn't real estate values (as evidenced by actual sales dollars of properties) in general increased beyond inflation? Just poking holes.
Theoretically if there is an increase in total assessment there is supposed to be a corresponding decrease in the mill rate. The overall taxation to be the same.
Yeah right.
Carry on.
or is it?
Fish on!
