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burritoace t1_j6mcq46 wrote

Reply to comment by ktxhopem3276 in School Me on the Property Tax Assessment Appeal by 3RudySquared

Cost still isn't the same as value. Stop treating them as interchangeable.

They don't necessarily reassess after renovation because the whole system is wildly inconsistent. It depends on many factors, including the muni and SD's interest in appealing - I'm not sure the SD even gets building permit info.

Thanks to the CLR and relentless appeals the final change in tax bill is also smaller so it's often not worth the effort. But who knows, under the current system it's just a subjective free for all.

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ktxhopem3276 t1_j6mo2qi wrote

I’m not advocating for the current system. I’m just pointing out there is no way to fix the newcomer tax. Value is proportional to cost - usually 75%.

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burritoace t1_j6moswr wrote

The "newcomer tax" can only exist in a system without regular universal assessments. I think you are missing something here. And that 75% is not at all correct.

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