Yep. And adding insult to injury is the completely irrational and inequitable variance in assessments across the board (at least in our little county). I’d say the system is due for overhaul or elimination one way or the other. Hopefully it’ll be the voluntary, disciplined, controlled, path rather than the alternative.
There was a politician in Philly that had a house worth 1 million but was valued on the tax rolls for less than 100,000. Typical.