2 ms·
> but slap the maximum rate on a stubborn holdout for enough years in a row and that 15% maximum annual reassessment increase (the maximum in my city) can turn
by gerbilly 8y ago
> but slap the maximum rate on a stubborn holdout for enough years in a row and that 15% maximum annual reassessment increase (the maximum in my city) can turn even the least valuable property imaginable into an unaffordable anchor around the owners neck within a few years.
Oh yes, the old 'tax them off their land' strategy.
Many old timers who 'owned' land in the gulf islands near Vancouver Island complain about that one.