Community Corner
How fair is the 70% property Tax?
You think everyone is paying the same -- Yes and No
What would Happen if we paid on 100% of our property Values I will use a 20.0 mill rate
$800m property would pay $4.8m more
$1.500m +$9.0m
$2.500m +$15.0M
$3.500m +$21.0m
$6.00m +$46.0m
$10.000m +$60.0m
$18.000m + $114.0m
So the 70% assessment becomes a tax shelter of 30%
Now is the owner of the $800m house making out as well as the one who has the more expensive one -- Interesting Question?
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