If your home is assessed at more than it's worth you will pay more in taxes than you should.
That is a problem with your local politicians, grabbing more tax money than they should. You really should take that up with your local politicians.
>If your home is assessed at more than it's worth you will pay more in taxes than you should.<
Our county just re-assessed property. Land went from $4,000 an acre to $10,000 an acre, and, of course, the houses are up in value. The board of supervisors has yet to adjust new tax rates. They're fixing to have a big fight on their hands, if they get greedy.
There are for sale signs all over the place. Those of us who bought our homes for the long run are going to get royally hosed, while a few farmers who've sold off large tracts of land recently are making out like bandits.