[Lichgod]

I live in Prince William County, VA. Our property assessment value was increased 40% for 2004. If this rate keeps up, we will be selling our house in one or two years due to the difference in purchase/sale price getting taxed (more than 500k profit). We really like our home but hate taxes more.

[Flashman_at_the_charge]

Sounds like you need a Cali prop.13.

[doc11355]

Our property assessment value was increased 40% for 2004. If this rate keeps up, we will be selling our house in one or two years due to the difference in purchase/sale price getting taxed (more than 500k profit). We really like our home but hate taxes more.

As long as your property value is going up every year at many times the cost of your property tax bill, this would be a very poor financial decision, IMHO.