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A Man of Wealth and Taste
 
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Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
Let's see now if they reapraise your home for Property taxes every other year..... or in other words every 2 years.

A 100K home at 2% = $2000 a year

2 years later at 20% per year means a 144K home value at 2% = $2800 a year or a 40% increase in taxes

How long do you think you'd be seeing a 20% increase in property values?

Shhhh...don't let the Liberals know about this new source of revnue
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Old 03-02-2004, 01:50 PM
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