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I am curios what you consider pretty high property tax? I am in Connecticut and they just reassessed the property. I say a 42% increase in assessment. Our ra
by tmaly 3y ago
I am curios what you consider pretty high property tax? I am in Connecticut and they just reassessed the property. I say a 42% increase in assessment.
Our rates are 23 mil.
- no_wizard 3y agoIf your property tax is 23 million dollars then your overall income would in proportion be well over 100 million a year to afford it reasonably no? To even own a home like that in the first place, you’d have to have a property worth over 100 million dollars if tax calculators are correct. I think this is outside the realm of what most people run into affordability wise and frankly at that level of income I’m willing to bet affording the property tax is much less of a concern
- tmaly 3y agomil is mill rate = $1 per $1000 of assessed value.
- no_wizard 3y agoTIL! Never heard of it referred that way before
- MagnumOpus 3y agoThe correct term is "per mil" or "per mille" (‰), equivalent to "per cent" (%).