Quote:
Originally Posted by jeffk
What happened to rates this past year hasn't been impacted by the rising valuations yet.
If the new valuations are just coming out, they won't be reflected in the tax rate, which is set in November, and determines the end of year property tax bill.
Generally, lake front property value rises at a faster rate than inland property and their taxes go up, proportionately, more. As does their value.
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Yes, the assessment in our town was done in '25 and our rates came out in Nov of 25. I know what things are going for on the lake and I can't argue with the assessments, BUT with that much more in assessments the rate should have gone done accordingly. A group of us lake home owners went to the town but they didn't have any answers for us.