Quote:
Originally Posted by MAXUM
Well with assessments creeping up the tax rate should go in the opposite direction however that hasn't been happening.
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Right. The market changes much faster than the assessments. Most towns also show a relationship of assessment to market value e.g. +3% or 98% or something similar, don't they? In any event, market values change rapidly and assessments are only done every so often and then recalculated a few years later. They are used for two different purposes, so a 1:1 comparison is probably faulty.