Had that happen in Ohio when the property values hit the skids in the past few years. When I got a reevaluation and the value was lowered they raised the multiplier to make up of the county’s lost revenues.
“When I got a reevaluation and the value was lowered they raised the multiplier to make up of the county’s lost revenues.”
What do you do when you live in the part of a county that they won’t lower the assessments cause there are no sales? Yes part of Pasco has dropped 70%, but not the rural areas. Then they make up the difference with the multiplier and me and my neighbors pay double.