Quote:
Originally Posted by DaneMcCloud
So if you bought your home for $150k, the city will begin assessing property taxes roughly around that figure. The city will increase the tax ever so slightly on a yearly basis.
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Again, not necessarily. I wish they did that here, but instead they'll leave it alone for years and then nail you with a huge valuation increase. My valuation jumped from $116K (the same it had been since I bought it in '99) to $144K last year.