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New apartments? NYC? I jest. Im not sure you understand what Im saying though. Wouldnt normal people's taxes go up because the appraisal changes are global? S
by nonethewiser 5mo ago
New apartments? NYC?
I jest.
Im not sure you understand what Im saying though. Wouldnt normal people's taxes go up because the appraisal changes are global? Say, a primary residence bought for $750k.
- ceejayoz 5mo ago> Wouldnt normal people's taxes go up because the appraisal changes are global? No. Our town finally reassessed everyone after not doing it since before COVID. Assessments doubled and everyone freaked out, but the tax levy didn't change, so the amount of actual tax basically didn't change; $160M in taxes for 20k people is still $160M in taxes for 20k people. People just now pay less tax per $1k house value, but for higher house values.
- nonethewiser 5mo agoIs your town NYC? From what I see its 20% of the assessed value in NYC (which is currently significantly lower than market value).