03-15-2008, 08:59 AM
I was wondering if I'd see a thread on this today!
The assessed value for land on our MLE property went down $5k from last year, but the assessed value for the house went up by 58%! Total assessed value went up 35%.
Frankly, I think last year's assessed value was way too low, but it would be less rude to ramp things up a bit more smoothly.
This kind of almost arbitrary property tax increase based on market value is what led to Proposition 13 in California.
ArtM
The assessed value for land on our MLE property went down $5k from last year, but the assessed value for the house went up by 58%! Total assessed value went up 35%.
Frankly, I think last year's assessed value was way too low, but it would be less rude to ramp things up a bit more smoothly.
This kind of almost arbitrary property tax increase based on market value is what led to Proposition 13 in California.
ArtM