Quote:
Originally Posted by Biggd
That's where inflation kicks in. Just like ordinary people getting an estimate on home improvements, that same money doesn't buy what it did last year.  |
Also, not everyone's assessment goes up at the same rate so some end up with a bigger tax bill year to year than others. Waterfront property on the lake sees assessments increasing more rapidly than houses off the water. Same thing with my primary residence - my location sees assessments rising faster than other parts of town. Not good for my yearly taxes but great if I decide to sell either property.