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I'm guessing that it's a technicality. i.e. instead of saying "the property tax rate for a house with value X is Y*X", they say "the property tax rate for a hou

I'm guessing that it's a technicality. i.e. instead of saying "the property tax rate for a house with value X is Y*X", they say "the property tax rate for a house with value X is 2Y, but house value assessment for market-value X is X/2". Possibly because the 2Y legislation was difficult to change. > At the end the tax you pay is still the same. So, no. That is, IIUC, the tax rates are what they are based on the 50% assessment.

gruez 5y ago
>> At the end the tax you pay is still the same. >So, no. That is, IIUC, the tax rates are what they are based on the 50% assessment. I don't get it. You admit that the tax rates would be higher (presumably 2x higher) to compensate for the 50% assessment, but claim that the tax won't be the same at the end?