Quote:
|
Originally Posted by Captain Zipper
ITD,
Okay, how often does this happen............ "Increased property values don't increase taxes. When a revaluation is done the tax rate is adjusted to compensate and keep the levy the same."
|
Everytime, that's why the tax rate ( rate per $1000) is adjusted, usually down, in a year where property values have gone up. It's the way it is supposed to work. It's not perfect because appraising is not an exact thing and sometimes mistakes are made or found, that's why there is an abatement and appeal process. Politicians love to blame rising property values for rising taxes, it's just not true. Taxes go up because politicians raise them to spend on their pet projects. Generally revaluation years are the years that they will raise the rate, so most people will assume that their taxes go up because of increased property value, hiding the real reason, that you have been turned upside down by the politicians and shaken until all the money falls out into their greedy hands.
Quote:
|
Originally Posted by Captain Zipper
People are paying a heck of a lot more in property taxes now than they were 10 years ago. I'm not chastising you, I'm just trying to get educated.
|
No offence taken here, it's pretty irritating when you understand what is going on, most people don't. People are paying more now than 10 years ago because the levy has been raised, your taxes have been increased by the politicians, usually with the approval of 100 or 200 voters who actually show up at town meetings and want to see the new rec center, police station, senior ctr. ect..
Quote:
|
Originally Posted by superdawgfan
You pay $987 in taxes on you $1MM house because you bought it in 1974. I paid $1MM for my house next door to yours in 2007 and I pay $9000 in property taxes. You and I use the exact same amount of public services--how can anyone say this is a good system? Only those who never move...
|
Sdf, that's not supposed to happen with revaluations, it still does, sometimes people know people. If I were you I would bring my tax bill down to town hall and demand that your bill is lowered to $987.
edit: Oops, Sdf, missed the part where you were talking about California, nice place to visit but I wouldn't want to live there.