Rijim not sure how better to explain it. I've not ever had my taxes just arbitrarily go up just so the town could have more money in the bank. Taxes go up because of a shortfall in income because the projections were wrong for the budget. Not just on a whim as was said here earlier. When I lived in Hudson my house was reassessed twice in 11 years. Both times well under what the house was worth on the market.
When I bought here in Uxbridge my taxes went way up the first year...because they go by the actual sold price on MLS which I believe most towns do now. At some point further down the road they determined that my house was worth less-probably based on comparables sold. My assessment went down $30k in 2 years. Our tax rate hasn't changed as of yet, (though maybe it has before the last two years, I smoked too much pot in high school and my memory isn't what is used to be)
There's been no prop 2.5 over rides here lately. shhhhh.
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Originally Posted by RIJIMMY
Salty, you've really lost me. My taxes just went up, considerably. My house value has gone down, considerably. Didnt they do exactly what you said above (in the quote)?
they raised property taxes to increase funds. Why else would they raise it? Im missing something.
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