Joshua is right about how the taxes work. Under the homestead tax law,
if your home is owned by you and is your principal residence, your
effective assessment (what you actually pay taxes on) can go up by no
more than 10% per year compounded. The 10% figure is used for state tax
purposes (if
Now that a torturously long renovation is finally (mostly) done, I'm eager
to find someone reliable for homecleaning every two weeks or so. I'd
probably prefer an individual, but will go with a service, if need be.
Anyone got a housecleaner that they think does a great job and has time open
to tak
OK, so I just looked at my own email and realized that was way too complicated
an explanation. Here's a simpler one:
Your property tax bill is EITHER 2.268 percent of the assessed value OR 3
percent more than you paid the previous year, whichever is LOWER. If you've
lived in your house since
If you're getting a homestead tax credit, your tax can only go up a little bit
every year (I think 3 percent) as long as you stay in your home. But it will
go up that amount until it hits the amount you'd pay without the credit. After
the housing bubble in the mid-'00s a lot of property's asse
Have many people received property tax bills higher than last year
even with the lower property assessment?
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