Have you checked your mail yet? 2021 Property Taxes are coming to you soon. You must know every detail about it.
The officials said that 90 to 95% of the city would not increase its taxes. Is this true? We can only tell once we see the tax bills. All we can do for now is to be prepared.
City Assessed Value Vs. Market Value
The average price of the city has dropped by $10,000, based on their city assessed value. City assessed value is different from market value. Market value is much more tied to the actual value that someone is willing to pay for your house, not what the city is assessing.
Citizens will pay taxes based on city assessed value. Understanding that difference, you have to make sure that you know what the market is doing around…