[quote=jpinpb][quote=AN]Could it possibly just mean that the majority of home owners bought their house long time ago, so they’ll still be hit w/ the increase, since their appraised value for tax purposes is way under the current value.[/quote]
Not even close to what it should be for those that bought in the ’70’s and ’80’s.[/quote]
I’m not debating whether the tax people pay for houses they bought in the 70s/80s is close to what it is at today’s market value. What I’m trying to say is if the majority of property tax payer own their house before 2003, the 2% increase in that majority will more than enough to offset the tax decrease of houses that were bought in 2004-2008. That’s why we’re seeing record property tax total even as housing price fall.
