Quote:
Originally Posted by John Mercier
If the average base assessment was 63% increase, and your assessment was a 97% increase, then your taxes should have gone to $17.6K
If you paid half of the $13.1K in July, roughly $6550, your current bill would be for the remaining $11K
Your annual taxes would be $17.6K
The July is an estimate base on previous assessment and budget.
Your new annual tax would be $17.6K, old $13.1K, with an actual increase of $4.5K
Not that this should make you feel better... but that is the math.
Barring a new assessment, a failure of the Legislature to fix the State ED, or some new expenditure at the town/county that is extraordinary... the July bill should be about $8.8K
The property would be assessed around $1.76M
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Well, if that’s the math then, yes, you have made me feel at least a little bit better, John. Thanks.