So has virtually everyone else’s. My house just appraised at almost double of what it was 3 years ago. Waiting for the inevitable property tax increases.
“So has virtually everyone else’s. My house just appraised at almost double of what it was 3 years ago. Waiting for the inevitable property tax increases.”
I don’t believe it is possible to increase property taxes because RE values have gone up.
Municipalities can only collect enough RE tax to fund the budget. So unless the budget in your town increases what will happen is your tax RATE will go down but you will pay the same amount of tax based on a higher property value.