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Originally Posted by Paugus Bay Resident
It maybe semantics, but there is no view tax. The market value for a property with a view is, based on demand, higher than one without. Simple as that.
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I remember, when the latest realtor approached us about selling our home and how much more we could get for it with its water views.....she said;
location, location, location!
Correct me if I am wrong PBR, but isn't that mantra one of the golden rules of real estate?
And remember folks, no "new" money is produced when your valuation increases. When your taxes increase due to increased valuation, someone else in your community is paying less. The average rule in any given year is a third of the properties rise, a third remain neutral and a third decrease.
One of the most common misconseptions in this discussion is that new money is being produced, which simply is not true. But the real reason your taxes continue to rise is simple, the government continues to spend more and more of our money each year.
I do have to confess that there are a lot of town, county and state officials that sit back and relax when people misconstrue the true reason of their escalating tax load, especially when they are attacking the assesor's office and not keeping their eye on the real spenders!