Quote:
Originally Posted by tis
It seems some lakefront went up about 20 but I heard people say their's went up 30%. The rates go down at first though so you don't notice it as much. The problem is people keep voting things in so the rate creeps right back up again in a few years yet the value is higher.
|
This is the real issue--for any individual homeowner, it does not matter if your value goes up or down by the same amount as the rest of your town's--the tax rate will adjust for these movements. But if you assessment goes up by more than average, then you'll be paying a price. (Of course, it may be fair for your tax bill to be going up relative to your neighbors. That's a separate topic.)