re: LaTonya has a new way to increase revenue

quote:

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The assessed value can go up to whatever the assessor believes is fair cash value. if it goes up a certain amount, the landowner should get a notice and if they dispute it, there are due process rights. However, your taxable value can only go up 3-5% (3% if homesteaded) per year until the property is transferred. For instance, if you have owned a piece for a long time the assessed value could quadruple but you would never be paying on that amount in your lifetime.

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Good system, but that’s not how it works here.

We should talk to our state legislators about making this a priority to get a gradual increase type system for property taxes implemented in this state - pronto!