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Originally Posted by #^&#^&#^&#^&#^&#^&#^&#^&#^&#^&#^&
Closest comparable house was last year on an adjoining street 9 houses away. Same size house, same everything. Sold for what I paid for my house 7 years ago. $30k more than the town currently assesses my house for and I'm taxed at. I'm on the winning side right now...until they either raise the tax rate, or my house is re-assessed in an improving market of comparable houses or it's sold.
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So you have no problem with paying your RE tax because your making out. Will it bother you if the town decides to raise your taxes on a whim?
Do you really believe that a town should be able to increase your property taxes so they can meet a budget deficit? That's completely insane. If a towns budget is out of whack, the people responsible for that budget need to figure out where they can make cuts to bring it back to where it needs to be. In your scenario, a town can spend itself into a huge deficit and then just increase property taxes to make up the difference. That's not only crazy, but it's illegal.