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Property tax is often based on its potential value instead of its current use. Just the possibility that the land could be rezoned in the future could increase
by gnopgnip 10y ago
Property tax is often based on its potential value instead of its current use. Just the possibility that the land could be rezoned in the future could increase your taxes.
- rogerbinns 10y agoThat still doesn't make any sense. If the property isn't rezoned in the future, do they go back to previous tax payers and refund them the "excess" taxes? What if the property does better than was anticipated? Do previous tax payers now have to cough up more in arrears?