Quote:
Originally Posted by The Dad Fisherman
I thought Assessments could be done on an annual basis...the prop 2 1/2 are done for special circumstances. I could be wrong though....Its not unheard of  |
Assessments are done anually in many towns, but still can't be increased if property values go down. The language is pretty clear about it being based on RE values. If your property was assessed and you thought it was too high, you can fight it.
Prop 2 1/2 is for special circumstances such as new schools, renovation town bulidings, fixing bridges, etc... But all Prop 2 1/2 proposals have to go to vote before the residents.
Basically, citizens are in control of what they pay in taxes. The rub in it all is that, like you said earlier, the town will get it's money in the end. They'll raise prices for dog licenses, charge more for town athletics, give out more parking tickets and on and on. But, if citizens speak out loudly enough, we can limit what they try to take from us.