Monroe County Property Tax Reassessment Coming to a House Near You.
Posted in the Monroe County Forum
Since: Jan 13
#1 Jan 8, 2013
Just read in the paper today that the Commissioners are planning to have a comprehensive property reassessment on all properties in Monroe County to try to make property taxes more fair. Do you think it will really make taxes more fair or make things worse?
I feel property tax can never be fair,since you can't please everyone. Also I'm not a fan of the idea, since I own an older home. I feel newer houses will have a tax decrease, while taxes on older homes will go up. I just don't see how that would be fair since the housing market is down. All taxes should go down, but we know better. I really feel property tax should also take household income into consideration. If older home taxes go up, there will be another rise in houses going up for forclosure and taxes which will defeat the county's purpose of getting a larger tax base. Then everyone's taxes will go up, since there will be a short fall from the higher reassessments. Most people living in older homes are people with local incomes and senior citizens, both of whom do not have a high salary. I do think it is a good idea to lower taxes on a home when it reaches a certain age, since more maintenance is required. That way someone who bought a new home will eventualy see their taxes go down and even out with the older homes.
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