|
Salty, I'm a little confused here. You say that the property assessed rate is based on comparable MLS sales in the area. Then you say that the tax rate is adjusted so that the town budget can be met each year. Then you say that they can't just arbitrarily increase taxes to meet their budget targets.
Houses in my neighborhood have sold for 20 to 40% less over the last 3 years than they were selling for prior to that. My assessed value hasn't gone down in the last 3 years.
If they need to meet a town budget number and they have a huge deficit, what is the town going to do? They can't increase the tax rate more than 2.5% without it going to town meeting for a vote. If the real estate markets reflect a big decrease in sold prices in a town, how can they assess the home at a higher rate to make up the budget shortfall? By your logic, they have to do something to make up the deficit. If the assessed value is strictly based on "MLS sold prices", how in the hell can the value of a property go up without any improvements having been made?
And to your point about there being a mistake made on my neighbors property a couple years ago, nice try but you're wrong. The surveyors and assessors maps both clearly show that the land was not useable, and the maps had not changed since the home was built. The town was throwing poop against the wall and hoping some would stick. They figured if they did it to enough people, some of them wouldn't question it.
|
Threaded Mode