Mine went up a few thousand. I guess with all the real estate crisis talk I'm surprised it didn't go down significantly. Hmmmmmmmmmm???
As to the tax rate, the town will have to pay its bills. That's why the real issue is the spending. If spending increases, everyone pays more taxes. If spending decreases, most will pay less taxes.
The property evaluations simply determine on whose shoulders the burden falls. If your property rises in value, compared to most everyone else, your share of taxes will increase. If your property value decreases, compared to most everyone else, your will share of taxes will decrease. If everyone's property value dropped to 1% of its previous value
your property tax wouldn't change (given fixed spending) because the town would still have to pay its bills and the relative distribution would be unchanged.
Could you imagine us all sitting around with a $10,000 house and a $4000 tax bill?
