Quote:
Originally Posted by Slava
It's probably my misunderstanding this, but let's just pretend the taxes paid in my block should be $10,000 higher per year in total. Someone gets that money?
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All the other taxpayers in the city pay a bit extra then.
The city determines its budget and the assessments separately. So if they are consistently too low in your area, your area is paying slightly less than it's fair share of taxes. Then the mill rate is slightly higher and everyone else makes up the difference.