Quote:
Originally Posted by Weitz
While it doesn’t increase revenues for the city as that is fixed, it absolutely increases your taxes paid when they artificially increase your assessed value.
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Define "artificially" in this case.
Again, if your assessment went up 14%, that's neutral. The only increase is from the city budget percent rise. If yours went up 19%, that would mean a 5% increase based on property value. Not 19%. And then you'd have to assume the city is artificially decreasing or raising values less than the average on the bottom half of homes for your theory to stand. The values change based on many factors, but I think the big one is sale prices in your neighborhood, so it's not artificial at all. It's property values increasing.
Is this bad info being spread on 770 radio? Why do we have to go through this every year?