Quote:
Originally Posted by BrianL99
Must be New Math.
I'd like to see that calculation, seeing as Bond Payments are not Tax Deductible and Taxes are.
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No, just regular old math.
In some places the cost of infrastructure is included in the selling price of the home. Here, the cost of infrastructure is in the separate bond. The selling price of the home is a starting point for determining the assessed value of the home which is used to calculate property taxes.
Lower selling price -> lower assessed value -> lower property taxes
It's been quite a while since I've been able to itemize my deductions so a lower assessed value benefits me much more than higher taxes.
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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
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