Quote:
Originally Posted by Mark1130
Correct me if I am wrong but does not the homestead act protect us tax payers from any major increase yearly? I think the max is 3% a year that our property taxes can increase.
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1. How is it fair to put a cap on current residents and expect new residents to pay more? Let me guess..it works just like social security.. what happens when there are no more new buys to pay for increased costs?
2. That homestead act will not be worth the paper it is written on if housing values continue to drop. They have to get the money to pay their costs one way or another.
jj