2 ms·
If valuations are up across the board, and the revenue requirements remain fixed, then your mill levy should be lower and your tax burden should be the same as
by IncreasePosts 3y ago
If valuations are up across the board, and the revenue requirements remain fixed, then your mill levy should be lower and your tax burden should be the same as the past. It should be pretty clear that your municipality is collecting more taxes than they were previously from published reports. If they aren't, then that means your property valuation has gone up more than others in your region...that should be considered a good thing, even if you have a slightly higher tax burden because of it.
- jeffbee 3y agoIn what conceivable reality could housing costs go up across the board but municipal revenues remain flat? Municipal employees need a place to sleep, so housing costs lead directly to new revenue needs.
- IncreasePosts 3y agoIf municipal revenue doesn't remain flat, then you can't say taxes haven't gone up.