03-16-2008, 08:23 AM
Further questions to our RE experts:
Is the 3% cap on the "assessed value" or the "net taxable value" (i.e. after the homeowner/occupant exemption)? Does the cap relate to the "building", the "land" or the "total"?
Any way I figure the 2008 Assessment Notice, I come up with either a 5.9% or a 7.2% increase over 2007. I just want to know how angry I should get!
Is the 3% cap on the "assessed value" or the "net taxable value" (i.e. after the homeowner/occupant exemption)? Does the cap relate to the "building", the "land" or the "total"?
Any way I figure the 2008 Assessment Notice, I come up with either a 5.9% or a 7.2% increase over 2007. I just want to know how angry I should get!