[garsha]

Does anyone understand how the properties are assessed. I assumed that it was calculated at 2% of the price of the house --- or I have also heard of 85% of the price paid. Mine was no way close to that---not complaining, just want to understand what may be coming. The second year after we bought the assessment went up 17% but still only about 57% of the price. We did buy in the height of the market in 2006 so prices were very inflated. Any ideas how it works.