View Single Post
Old 10-24-2022, 09:44 PM   #8
John Mercier
Senior Member
 
Join Date: Jun 2021
Posts: 2,975
Thanks: 2
Thanked 529 Times in 435 Posts
Default

But a general rise in assessments of 11 percent does not shift or increase the taxes.

You had to have a property assessed at more than the general 11 percent, an increase in the budget, or a fall off of secondary revenue.

Maybe all three.

Loss of secondary revenue is usually - but not always - due to the State or federal government cutting out transfer payments.

An increase in the budget should be public knowledge.

And an increase of certain properties beyond the 11% general should be the norm based on market desire.
John Mercier is offline   Reply With Quote