ownyourfuture
Thinks s/he gets paid by the post
- Joined
- Jun 18, 2013
- Messages
- 1,561
South Central Minnesota. Up 15.6% over 2022.
Ours are capped. County is not legally allowed to increase revenue by raising taxes. If the aggregate tax base increases, rates drop. Services suffer as a consequence.
South Central Minnesota. Up 15.6% over 2022.
South Central Minnesota. Up 15.6% over 2022.
Yes. Estimated market value went up almost 20%Is this based on higher assessed property value?
With the homestead, ours are capped at a maximum 3% yearly increase, plus since we were already adjusted with the 2019 purchase, others will be catching up.
Our too high NJ property taxes of $6200 on our small 2 bedroom retirement single family get us excellent services at least. About half of our pre-retirement taxes on larger SFH.
In 2023, we will qualify for a 'senior freeze' going forward.
That is much anticipated and will be appreciated.
Ours is up 8% here in NC. But they said they review every 5 years, so should be steady for the next few years.