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Property tax increases

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Kinda relevant...many of the states (particularly in the west), make their money on severance taxes. In other words, when one mines the elements in the ground, you 'sever' that element, and must pay taxes on it. New Mexico gets hefty severance taxes on uranium, oil, and believe another rare earth mineral. Texas of course pumps oil, and claims taxes per barrel. Pretty certain that this goes into the pot where your home property taxes go, and as long as the minerals hold out, you are not hit as hard. Some of the eastern states don't have any mining interests to speak of, ergo higher taxes to provide police, fire, sanitation, etc. to us all.
 
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Thump said:
Mine increased 60%.
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Mine increased about 20%.
Not to get into politics, but there was a levy in our school district that said it would increase our taxes by only a little bit. I forget what it was. But it was something like $4 for every $1000 your property is worth (according to the county auditor). I did the math, and said that's about $800 per year for us. I voted no. But it passed.
So now I'm paying $1200 more in taxes per year. I'm not entirely sure what the other $400 is from. They probably decided my property gained in value over the past 12 months. Meh - they had it so undervalued for so long that I really shouldn't complain.
 
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Zurp said:
Mine increased about 20%.
Not to get into politics, but there was a levy in our school district that said it would increase our taxes by only a little bit. I forget what it was. But it was something like $4 for every $1000 your property is worth (according to the county auditor). I did the math, and said that's about $800 per year for us. I voted no. But it passed.
So now I'm paying $1200 more in taxes per year. I'm not entirely sure what the other $400 is from. They probably decided my property gained in value over the past 12 months. Meh - they had it so undervalued for so long that I really shouldn't complain.
Click to expand...
Based on he "Assessed value" or FMV?
 
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