Oh there’s lots of ways to do it where I live because there are upper limits tax increases they appraise my property out 45% more than last year so I end up shelling out about about 40% more total in taxes than last year.
You see the government’s reasoning is that even though my business has gotten worse and my income has gone down, the market value of my house which I have to live in, or live in on the street, has increased meaning that somehow I have more money to pay them even though my income has decreased.
I can’t appeal the valuation because realistically it is the market value of my house. But how that means I have more money to pay in taxes is incomprehensible. I cannot realize that increase in value unless I sell and then I have to buy property which is also increased proportionately in value. So the increase in value does nothing even if I sell the house. Except that it does get Nelson County another 43% in taxes from me. These people are bloody vampires they will suck the life out of you until you’re dead and then they will take your property and throw your body in the garbage.
Well explained. Taxes revenues are falling. Coffers are dwindling which absolutely will not be allowed. But you must understand the goal of the “Progressives”. “You will own nothing and you will be happy”.
Just think of those who cannot pay the extra in RE taxes and cannot sell on the open market; underwater or no buyers. The county seizes the property for non payment of taxes and sells at auction to Blackrock, Vanguard or some such entity with lots of cash. These investment firms then get a return on their investment by renting it out prolly to the very folks they bought it from. Win-win.