Posted on 06/09/2018 6:45:12 AM PDT by Elderberry
You’re right, only 10% a year.
Waco? We need more shiplap!
Unlike residential homestead appraisals, which are capped at ten percent, appraisal increases for commercial property taxes are not limited by law.
This article males no more sense if you read it while high on pot.
A property appraiser whose job is to challenge the double digit property valuation increases the state uses to get around the capped limits on increases in property tax RATES.
We’ve been hit with it, too. Your property taxes go up the maximum 3% per year through the staggered intervals to get around the law, but the other years, they say your property’s value went up 10% or more, so give us more money.
The writer is trying to tell the horror in story form and gets too abstract.
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