Everyso often I wander away from history and treat this as a personal blog. Sometimes I like to fight with strangers on the internet. There is a fool who believes that an increasing assessed value does not increase your taxes. As someone who has paid property taxes in 4 jurisdictions, and has looked at the tax assessment sent (trying to figure out how to argue against it), this was a lie.
I’ll touch on property taxes and I will attempt to throw in some history. Let’s go back to 2007. In my post Tax Assessments, I noted that DC was up to some assessment black magic, by inflating the land assessment compared to the structure (aka the house) on the property. To me, this appeared to be away for DC to squeeze more money out of the most run down houses in good/up & coming neighborhoods.
Prior to that, in 2005, it appeared that DC was just increasing the value of our homes by $60K for poops and giggles.
Lastly, in 2010 I wrote about how different neighbors on the block pay different taxes even if their properties are roughly assessed around the same amount. It depends on when they bought or got the property, if they are a resident owner, if they qualify for some sweet deal like the Senior Citizen Tax Relief and other factors.