Quote:
Originally Posted by La Flames Fan
Yeah I wouldn't read too much into your value and how it will affect your actual notices when they come.
The big factor is the mill rates.
Value of Assessment x Mill Rate = Property Tax
Mill rates fluctuate every year...your home assessment could go down $80,000 but if the mill rate rises 10% you'll see no difference in property taxes.
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Yes, my mill rate went up by more than 10%... I do not know the arcana of this - can someone in the know explain the justification?