[quote=flu][quote=The-Shoveler]I will say this, In RC the difference can be very large between the 1.9% tax rate and the 1% rate on the tract homes across the street who go to the same schools/parks etc.…
Especially when the homes were bought at peak in 2005 and now sell for half that but the RM remains at 2005 level (were talking almost 3% at that point).
It is all relative I guess.[/quote]
Well those homes bought at peak should have been reassessed by now.[/quote]
Absolutely
Home bought in 2005 600K 1.9% Base +MR = tax 12K (roughly)
Home now bought at 300K 1% + MR = 9K (roughly)
Home across the street 1% + a little = 3K (roughly)
The lower the cost of the home the more the MR has an impact.
