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I think that the taxable value of a lot of properties will actually go down, making a lot of them more true to current conditions, they will then put the Tax rate up so we pay more.
All those people that wanted Charlotte to be more like NY/NJ etc it's a coming.
Location: livin' the good life on America's favorite island
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Union County's tax valuations were last set basis Jan 2008. Obviously current home values are significantly lower than than our homes assessed value back then.
They will do what they did in fl. The home values have decresed so they will raise the millage rate. So you will end up paying hundreds a year more even with your home being 100k less in value.
Taxes have to go up to accommodate the county's budget. Folks in bureaucracies don't think about cutting out programs and entitlements (as that would mean losing county jobs, lol). Instead, they just raise taxes. SICOFLORIDA mentioned a much-used tactic - just raise the millage rate to allow for reduced home values.
This is going to be happening everywhere - it has to... In the end, I'd much rather be in NC then the previous reference to NY/NJ where they're going up even more. I'd imagine Meck will go up more then Union county.
Taxes go up - your monthly nut is higher - people wonder where home prices are going.
I'd imagine Meck will go up more then Union county.
I don't know about that. I'd think Union County had a greater population increase. Its infrastructure is unable to cope with the influx of new residents over the past 5 years. It needs a vast amount of road improvements & all those new schools are going to need the best of everything. I'd suppose that there would need to be improvements in water treatment & other city services as well.
I don't know about that. I'd think Union County had a greater population increase. Its infrastructure is unable to cope with the influx of new residents over the past 5 years. It needs a vast amount of road improvements & all those new schools are going to need the best of everything. I'd suppose that there would need to be improvements in water treatment & other city services as well.
Pretty much now, with plans to send out the valuations early next year, I believe.
It will be next October when you find how much your bill went up.
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