As I noted, my valuation went up by 40%, but my taxes went up by 1.1% or 1.2%, which was below inflation.I feel like there is some value to that.
Sales price has no direct impact on the valuation. Everyone is valued at the same time by the same vendor. You don't get a perverse situation, like in California, where someone is paying $1000/yr because they've lived there for 30 years.
What is one supposed to do when elderly on a fixed income? If the valuation goes up 40% but your income goes up with COLA by 3%, do we just tell the elderly to sell their home of 20-30 years and downsize because they can't afford the taxes?
Statistics: Posted by exodusNH — Sat Apr 20, 2024 1:37 am — Replies 48 — Views 3847