toggleswitch
Well-known member
Most tax bills are an assessed value multiplied by a tax rate.
The assessed value is usually prescribed by law, sometimes a percentage of the market value of a home (based on what decade, no one really knows!)
If either the A.V or the tax rate goes up so do your taxes.
Frequently polititcians play the game that they have not raised tax rates.... yeah so what? if the A.V, goes up so does what you pay!
Always beware of some @$$hole that overpays for a property. (s)he may have an impact on the overall A.V (i.e. artifically high)of ALL OTHER PROPERTIES in the jurisdiciton.
The assessed value is usually prescribed by law, sometimes a percentage of the market value of a home (based on what decade, no one really knows!)
If either the A.V or the tax rate goes up so do your taxes.
Frequently polititcians play the game that they have not raised tax rates.... yeah so what? if the A.V, goes up so does what you pay!
Always beware of some @$$hole that overpays for a property. (s)he may have an impact on the overall A.V (i.e. artifically high)of ALL OTHER PROPERTIES in the jurisdiciton.
