[Summit] New Tax Assessment Values for your House.

[Ethan Gyles]

+42% here. Having heard also from another neighbor, it sounds widespread. The city will need to adjust the rates down to keep the total tax burden increase under 4% per state law. What that means for our individual bills can’t be predicted just yet.

> On Apr 22, 2022, at 5:05 PM, James Kelley <jameskelley4444 at gmail.com> wrote:
> 
> 
> I received my letter today +35%.  I can only hope that the rest of the city saw comparable increase in value percentages.
> 
> It's a little frightening, honestly, for some of us on fixed incomes. I hope that, someday, the state and city will adopt some of the property taxation methods in places such as California and other places to protect long-term owners. B
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