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To: LetsRok
If a house goes up in value, the taxes should NOT be increased if the owner is not selling.

Unfortunately, isn't that what drives city councils to abuse eminent domain? Won't they try to "blight" your home to get you out so they can reappraise the land and have someone else pay the higher taxes?

-PJ

100 posted on 05/15/2007 12:55:26 PM PDT by Political Junkie Too (It's still not safe to vote Democrat.)
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To: Political Junkie Too

Probably. In Loudoun County, VA the tax man discovered that he could flood the tax coffers with cash by re-assessing everyone’s house to the “paper profit” assessments from 3 years ago. They assessed my townhouse for $625K. I sold it 6 months later for $480. I feel like demanding a tax refund.


103 posted on 05/15/2007 1:00:18 PM PDT by LetsRok
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