Yes, I understand that. But I am still struggling to reconcile how a house with a value of roughly $300 thousand pays about $3 thousand a year in property taxes and an entity with a market value of roughly $98.5 million pays under $4 thousand a year in property taxes. That would seem to imply that the entity with a $98.5 million market value is only accessed for taxes at about $400 thousand. That's a very large disconnect between accessed value and market value. The value difference seems way to good to be real for the property owner, or maybe not considering the current owner?

Utility costs are pass-thru costs. Rates are based on costs. So, you should be cheering property tax expenditures are low


:boom:

Does that imply that utility providers are subject to a different mill rate and/or accessment process than other residential or commercial property owners? Just trying to understand how an entity with an appraised value of roughly 98.5 million is only accessed at about 400 thousand? I know we all wish our homes were accesses at 4/10 of 1% of their market values, how sweet would that be! And the property in question is not my utility provider in District 1.