Yeah, mine's gone up every single year, now double what it was 2 years ago. They're saying my house is worth more than my parents' house, which is twice the size, in the same county, in a nicer neighborhood. Their property tax has stayed the same for over 5 years. But the houses in my neighborhood are probably more of an ideal size for renters.
Makes the property taxes go up too. Mine doubled. 500 a month to 1000 a month.
Even though the taxing entities don’t need double the money they got the years previous they will not cut the valuation.
This is how you get fucked even if you do not sell your home.
Yeah, mine's gone up every single year, now double what it was 2 years ago. They're saying my house is worth more than my parents' house, which is twice the size, in the same county, in a nicer neighborhood. Their property tax has stayed the same for over 5 years. But the houses in my neighborhood are probably more of an ideal size for renters.
Just like our financial system, the "real estate" system is a complete sham.