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by dylan604
546 days ago
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It is tradition to contest the annual re-evaluations of the assessment of your home as that's exactly how your property taxes are based. The only time it is good for an owner's property's assessment to go up is when they are wanting to sell it. The rest of the time, they are constantly fighting to keep it low specifically because of taxes. You must live in a state without property taxes, or you just have no idea how they work. Either way, this is exactly how property taxes work. |
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If your assessed value goes down but all the rest stay the same, yes, your tax bill will go down. But if all assessed values go down by the same percentage, no your tax bill will not go down.
And this is the kicker: if all the houses close to the river or the seashore have their assessed value go down because of the flooding risk while all the other houses stay the same, their tax bills go up. So they really have a big incentive to not let that happen.