@42_62N if I was a local fisherman who could sell my house for 3x market rate, I'd be thrilled.
-
-
This Tweet is unavailable.
-
Replying to @FortyFour_North
@42_62N eh. I see your point, but the market comes in, gives options. Take if you like, leave otherwise. More options better than less, no?
2 replies 0 retweets 0 likes -
This Tweet is unavailable.
-
Replying to @FortyFour_North
@42_62N property taxes should not increase even if prices go 2x on every property in town. That's how they're calculated.
3 replies 0 retweets 0 likes -
This Tweet is unavailable.
-
Replying to @FortyFour_North
1/ @42_62N yes, but way town gov funding works is this: 1) town sets budget (often capped at ~ 105% prev yr) 2) town assesses all property
1 reply 0 retweets 1 like -
Replying to @MorlockP
2/ 3) town divides budget among total valuation of homes in town. That sets the rate. 4) multiply rate by each property value @42_62N
1 reply 0 retweets 0 likes -
Replying to @MorlockP
3/ which yields individual tax bills. scenario A: budget if $200, 2 properties worth $100k each -> rate is $1/$1k $100 tax each @42_62N
1 reply 0 retweets 0 likes -
Replying to @MorlockP
4/ property 1 builds huge house scenario B: budget $200, 2 properties worth $100k, $200k rate = $0.66/$1k taxes = $66, $123 @42_62N
1 reply 0 retweets 0 likes
5/ Note that the rich guy moving in and improving his house actually LOWERED the taxes of the other guy. @42_62N
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.