It's a little more complicated than that. The maximum assessed value can only go up 3% a year. (There's sometimes other taxes that end up on top, assuming the 3

It's a little more complicated than that. The maximum assessed value can only go up 3% a year. (There's sometimes other taxes that end up on top, assuming the 3% isn't reached). The only time it can be re-calculated is if you do a fairly large renovation - which lad led to contractors figuring out how to make sure renovations don't trigger it. If you go to Zillow, find some older homes then look at the tax history you'll be amazed.