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Originally Posted by #^&#^&#^&#^&#^&#^&#^&#^&#^&#^&#^&
Costs money to run a town govt.
School systems, sewers, water systems, your streets get plowed. Seems entirely logical to me. My tax evaluation went down this year. I lost 30k valuation in last two years. That's less than 10% of my houses real world value. Nonetheless it went down two years in a row. Comparable house sales in the area have me holding very steady in what I paid for my house if I was to sell. Much more than what they are currently assessing. (not bad for a housing market supposed to be in the dumper) What will now happen is that the town will not have sufficient funds to run. Tax rate increases. They are not supposed to have a deficit 
If you file for an abatement what do you think your going to save? Nothing. Peanuts typically. Then the tax rate goes up again because once again they don't have the money to run. |
If that's the case, they shouldn't say that your real estate tax is based on the valuation of your property. They should be honest and just say that they will tax you whatever they see fit to try to balance their budget. If they need more money, they will just tax you more. No need to come up with some phoney baloney excuse that your property is somehow worth more now even though if you tried to sell it, you'd quickly see that it's worth less than the town thinks it's worth.
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