[Summit] Huge tax increase

[Coryndon Luxmoore]

Well I am not sure if that is the case or not for me.  My bill last  
year on my three family was over 10k and with the homestead exception  
dropped to over 5k. My valuation went up and not counting homestead  
exception the taxes are a within the range of a few hundred dollars  
of last years tax bill with the new rate of $22.61. So the question  
is if it is your primary residence do you still get the homestead  
exemption.

If so it is not necessarily a major increase.

If I want to get my self worked up it would be over what I consider  
the over inflated valuation that I received for my house. An increase  
of 10k or so in a market that is soft. I have not seen a house like  
mine sell for the price they assigned it in a while or ever ;) It  
seems to me that the city should have to document the basis for the  
valuation increase cause to me it seems wrong. Of course if I wanted  
to initially contest it I would be out of luck since the deadline to  
make an appointment was the day before I received the notification.

Failing to document the basis of calculating the valuation publicly  
stinks of number fudging. Yeah the rate went down during my  
administration and isn't that great your property value keeps going up!

If the city can find me a buyer for my property at the appraised  
market value I would move in a heartbeat ;)  --C

--------------------------------------------
Coryndon Luxmoore
Interaction Designer

coryndon (at) luxmoore (dot) com
---------------------------------------------

On Jul 8, 2007, at 8:10 AM, Paul Aceto wrote:

>     Last month we received our latest property tax revaluations.  
> Many of us were shocked at the increases. To hold down the furor,  
> the letter said that the increase did not represent the actual tax,  
> only the valuation. We had to wait for the new tax rate to see if  
> our taxes went up or down (yeah, right). Well, the other shoe has  
> dropped. This morning's Journal has a message from the city  
> explaining the new tax rate of $22.61 per thousand. While this is  
> lower than the previous rate ($30.23), the large increases in  
> valuation have drastically raised our taxes. My property tax has  
> DOUBLED! The city claims that the overall tax collections have only  
> increased 5.25%. Somehow, I don't think so. Clearly, this is  
> intended to outrage the citizens of Providence so we will raise a  
> big stink to get the State to contribute more to the city. I'm  
> tired of being a pawn in the battle between the City and the State.  
> We have to vote out every single damn office holder in the city at  
> the next election.
>
>
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