My local municipality just completed one of these reappraisals and hoo boy. My property was reassessed +10k and my taxes fucking NOSEDIVED because some gaggle of dipshits down the street had their extremely nicer houses appraised fairly. They went from $80k to $850k. There are a bunch of $1.5M listings now, that no one is biting on.
These appraisals should happen every 4-6 years, not every ~25.
My local municipality just completed one of these reappraisals and hoo boy. My property was reassessed +10k and my taxes fucking NOSEDIVED because some gaggle of dipshits down the street had their extremely nicer houses appraised fairly. They went from $80k to $850k. There are a bunch of $1.5M listings now, that no one is biting on.
These appraisals should happen every 4-6 years, not every ~25.
I think this is different, these are condos and it sounds like all residents are being assessed fees for overdue maintenance.
Oh fuck that’s so much worse.