Ours went up 16%. I don't have gripes with the formula and I feel like the assessment value is set at a relatively fair market value...but let's face it, it puts further strain on monthly bills and cashflow, which isn't fun. Yes, the value may be reflected in the property which can theoretically be recouped at selling time, but the reality is I'm not selling my house. And even if I did...then what? Buy into the same market? Bah.
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