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To: CatOwner

I think you misunderstood me. Property are based on the budget of the town/city and they can only collect enough to fund budget. If a budget with increases is passed then your taxes go up enough to fund the increase even though the value of your home may decrease for some reason.


20 posted on 07/01/2021 1:19:12 AM PDT by billyboy15
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To: billyboy15

I don’t think you understand what I am saying about Texas. They will collect property taxes based on the assessed value of your property, subject to a 10% maximum increase in any one year. Period. Budget means very little in that regard here in Texas. Stupid, I know, but it’s how they do it here.


21 posted on 07/01/2021 6:37:02 AM PDT by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021)
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