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Old 11-20-2011, 06:59 PM
439 posts, read 1,149,511 times
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Originally Posted by Walter Greenspan View Post
If everyone's tax assessment is lowered within a taxing district, then the property tax will remain the same as the property tax rate -- the property tax rate is the budget divided by the sum of the assessed value within that taxing district -- will increase.
You only make out if many houses have lots of improvements/additions and have not been reassessed,and you haven't made any.
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Old 11-20-2011, 07:07 PM
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I feel a little worse for the 15% of the country on food stamps than some dummy that overextended themselves during the boom years and now has to downsize from Old Westbury to Seaford.
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