2025 Assessment Question: The notice indicates nearly a 17% tax jump. Is this due to a rise in property values or just an increase in taxes?
hey, im thinkin its more a sign of rising property vals than a straight tax hike. might be market trends showing up rather than direct extra tax impositions.
Hey, I suspect the jump might reflect rising property values impacting your assessment rather than an outright tax hike. Have you noticed local market trends or policy changes in your area? Curious to know your experience with this.
Based on my experience with assessments, it appears that the increase reflects a higher property valuation rather than a new tax imposition. A higher assessed value can lead to increased tax bills even if the tax rate itself remains unchanged. The notice might be highlighting that your property has appreciated, which in turn results in a higher calculated tax. It is important to review any available documentation from the assessor to understand the specifics of the appraisal and any local regulatory changes that may have affected the assessment.