“Square footage x a defined multiplier”
The building cost of a house really doesn’t go up by the square foot.
A 30’x30’ house has about 120 feet of exterior walls and about 900 square feet of space.
A 40’x40’ house has about 160 feet of exterior walls and about 1,600 square feet of space.
The length of walls went up by 33% but the square footage went up by about 77%.
You’re complicating something that can be very simple.
I’m no talking about building costs. I’m talking about how to set a tax rate based on an actual number and multiplier as opposed to someone’s opinion.
Or, if we were to use the actual Appraiser definition: a fair and impartial analysis of the homes value..... or whatever the hell it was when i took the class 25 years ago.
The millage rate is X per square foot.
For example: millage rate is $1 per square foot. You own a 3000sf home. You pay $3000 a year. You own a 1500sf home....$1500 a year. County costs go up due to increases in health care or something, millage rate goes up to $1.02 per square foot. Everyone chips in.
No more squeezing money from folks on one side of town while others, on the other side of town, are untouched. Which is something they have no problem doing where I live unfortunately.
Keep It Simple