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Old 01-06-2010, 08:48 AM   #96
AC2717
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I own a single family in Pawtucket RI as well that I rent out. 5,000sqft of land, ustr under 1600sqft cape home

Last year property value was $235,300 and rate was 12.39 per $1000
taxes were roughly $2,900

This year property value $204,800 and rate was jumped to 17.78 per $1,000 taxes are now $3,641

Are you kidding me, I understand increasing the rate to hold taxes becuase the town is in need and with the drop in value, but to increase me $700 for the year and going down in value. This is kililng people down there, not to mention RI has the second highest unemployment rate in the country and highest average insurance costs in the country.

They wonder why the state is in trouble they themselves are bankrupting the state by over taxing those that can barely afford to pay, not to mention the house sat vacant for 5 months last year and it taks in $250 less a month than the monthly mortgage is.
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