property tax oblivion

[ITD]

Originally Posted by jeffk

My assessed value and my taxes declined from last year. Not by much, but since the bill usually goes up at least 7 % I figure a slight dollar drop actually equates to a real drop of the 7% increase that I didn't have to pay.

I just gotta ask, when the lake property values shot UP 20% like they did a few years ago did anyone run to their town and offer to pay their new higher fair share of the property tax? It probably took a year or two for the assessments to catch up with the sales values. I'll bet no one complained about the LAG then.

I seriously doubt they complained either, in fact some people's lake property value lagged for 20 or 30 years and they said nothing. Perhaps if the towns went after these laggards retroactively it would lower the rest of us sap's taxes for a year or two while they caught up.