re: Question About Home Purchase,PMI, and Appraisal Value

Because your taxes were prorated from what the prior owner paid. Also, all properties are technically reassessed every four years. If the municipality rolls back the millage, your taxes should go down because more people are paying in. If they roll forward, your taxes go up. Guess what usually happens. As a homeowner,you should educate yourself on something that will effect your for potentially the rest of your life or ownership of the property.