I Want To Buy A New Home

[Bugeater]

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.

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.