Quote:
Originally Posted by John Mercier
Biggd and Garysanfran are talking about property in the same town.
So it wasn't town spending.
Garysanfran must have property that is a lot more desirable to people willing to expend more for a property of that nature... so it pushed his assessment higher.
I doubt if he chose to sell at the new assessment level that the property would be on the market very long.
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I'm assuming Garysanfran has private waterfront, I only have water rights with a dock. I feel for the longtime waterfront owners that can't afford to keep family properties in the family, they are getting jammed up.
I was thrilled that my taxes went up less than 10% because I've seen the value of my property triple. I could not afford to buy my Meredith home today as a second home.
I hate to say it, but if I had a private waterfront home today, I would probably sell it, buy off the lake and invest the profit.
I understand that some properties have sentimental value, but you have to detach yourself from that if it becomes a financial burden.