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Originally Posted by OMG!WTF!
Yeah pretty much. Property values don't matter at all when the factor you multiply them by always changes to meet the needs of your overlords. It goes in this order...1) budget....2) property assessment...3) mill rate. We need a billion dollars to operate this year, our taxable property is worth 100 billion. So we create a number to multiple your property value by that gives us the money we need to shovel the walk in front of city hall.
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Thanks, I knew they taught weird math at Harvard.