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-   -   Property Tax BS! (http://www.striped-bass.com/Stripertalk/showthread.php?t=68276)

Mike P 01-07-2011 11:29 AM

Quote:

Originally Posted by JohnnyD (Post 824122)
It is interesting to me that a thread about Property Tax is 20 posts deep and not a single mention of Prop 2 1/2. Towns can't just arbitrarily increase taxes more than 2.5% without requesting an override.

One thing that Bigfish leaves out is if he's paying more money while his assessed value has actually gone down.

As an aside, I've always found the Assessor position being appointed by the town BS. Terrible conflict of interest.

It can go up incrementally 2.5% over one year, but over, say, 10 years, it can go up exponentially.

JohnnyD 01-07-2011 01:02 PM

Quote:

Originally Posted by Mike P (Post 825082)
It can go up incrementally 2.5% over one year, but over, say, 10 years, it can go up exponentially.

Compounding interest... 2.5% hasn't kept pace with inflation.


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