Quote:
Originally Posted by Bill14564
You and I may disagree on how much "vastly different" is.
A house with a $450,000 market value and homestead exemption that protected from the recent assessment increase will pay about $300 for the "simplified" tier and at most $300 for the ad-valorem tier for about $725 max.
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Quote:
Originally Posted by Bill14564
If you can give me the address of a $1.5M home I can work the calculations. I don't want to try to guess what the actual numbers might be.
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Found one. $1.6M with no homestead exemption (worst-case example). $880 in "simplified" tier and max of $1,200 in ad-valorem for a total of $2,200.
Roughly three times the taxes ($1,500) for a little more than three times the house. That does sound like a lot of money. But in perspective, the $450K house is paying something like $600 today while the $1.6M house is paying $2,100 today so the relative difference doesn't change at all.
NOTE: The IFD values represent the worst case. The more likely case, with a 0.1mil ad-valorem, brings the IFD values to $450 and $1,100.
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Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works.
Confirmation bias is real; I can find any number of articles that say so.
Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough
Last edited by Bill14564; 10-15-2022 at 01:21 PM.
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