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Nesgroup address: misc.consumers.house - Date & Time for the message: Mon, 21 Mar 2005 16:48:01 GMT /

Author of the message: vze8f3tq@verizon.net (v)

Title of the message:
Re: Assessment question

Text of the message:
On Fri, 18 Mar 2005 22:51:02 GMT, someone wrote:

>If my property value wasn't capped, I would have to move.  Taxes on the
>market value of my home would be more than twice what I am now paying,
>and simply unaffordable.  And I've only been in my home for 10 years.
>

But when you or your heirs sell, you'll take that higher property
value, right?  These limits would be more fair if the County (or
whoever) could get back what was saved, upon sale. After all, the
person paid less tax than their property was worth for years.  But
that would be a nightmare to administer.
Reply to NG only - this e.mail address goes to a kill file.
.



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