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Old 08-29-2019, 08:21 AM   #63
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Originally Posted by Woodsy View Post
It already is... and has been for quite some time!

The question you should be asking is how much was the valuation jump last year? The year before?

If there has been a small percentage increase each year, then this is just the town catching up to the current real estate market that suffers from low supply & high demand.

If there has been double digit percentage increases the last few years as well then the problem bears a deeper look.

They only reassess every few years, not every year-I forget how many. But it is state law they must keep them at 100% valuation.
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