As PerryChase stated you absolutely can petition a reassesment that will decrease your property tax rate. You do have to apply to have that done.
One of the candidates for mayor was Pat Shea. Of course he had no chance of winning because he made way to much sense. The best medicine is the worst tasting and his platform was one of a BK for the city. Not only would this give the city the best leverage in negotiations with the labor unions, it would also lead the city to a much quicker path of recovery. I believe the current budget proposal by Sanders is shaky at best and I do not feel our city will be on firm financial footing (IN THE BEST CASE) for many many years. Without a BK the city will continue to plod along, suffering through the chokehold of benefits for the pension plan and medical payments that are almost as much or more then the pension fund itself.
