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PROPERTY TAX - Must Read
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<blockquote data-quote="scrotcaster" data-source="post: 205124" data-attributes="member: 884"><p>Only problem with that conclusion is that property assessment are set for the year, before mill leavy rates are set..So it couldnt go both ways.. As far as setting valuation below market value is more a function of mass appraisals than a "trump card" to deter complaints.. By state law the sales ratio (Sales price/assessed value) of a county needs to be withing 90% (if i remember correctly) or the state will increase all assessments in that juristiction to come in compliance.</p></blockquote><p></p>
[QUOTE="scrotcaster, post: 205124, member: 884"] Only problem with that conclusion is that property assessment are set for the year, before mill leavy rates are set..So it couldnt go both ways.. As far as setting valuation below market value is more a function of mass appraisals than a "trump card" to deter complaints.. By state law the sales ratio (Sales price/assessed value) of a county needs to be withing 90% (if i remember correctly) or the state will increase all assessments in that juristiction to come in compliance. [/QUOTE]
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