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Grumpy Old Pharts Board Gerritol, Ex-Lax, Immodium, Bad Breath - all requirements for the Grumpy Board

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Old 01-07-2011, 11:29 AM   #1
Mike P
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Originally Posted by JohnnyD View Post
It is interesting to me that a thread about Property Tax is 20 posts deep and not a single mention of Prop 2 1/2. Towns can't just arbitrarily increase taxes more than 2.5% without requesting an override.

One thing that Bigfish leaves out is if he's paying more money while his assessed value has actually gone down.

As an aside, I've always found the Assessor position being appointed by the town BS. Terrible conflict of interest.
It can go up incrementally 2.5% over one year, but over, say, 10 years, it can go up exponentially.

Wise men speak because they have something to say; Fools, because they have to say something.
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Old 01-07-2011, 01:02 PM   #2
JohnnyD
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Originally Posted by Mike P View Post
It can go up incrementally 2.5% over one year, but over, say, 10 years, it can go up exponentially.
Compounding interest... 2.5% hasn't kept pace with inflation.
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