Ours went up, based on raised property values Yet, my home we bought 7 years ago. Agreed property appreciates. PVA says since new or currently for sale house sell for far much more due to materials, high demand and low interest rates. Agreed.
First, the only way to accurately appraise a house for current taxes is what you just paid for it. The sale price sets the market value. The sale is the proof. PVA is making lots more money cause recent house sales at inflated prices increases their taxes.
So why are those of us who have not just bought are homes in this abnormal market charged more for taxes based on a “ perceived” value not supported by a sales agreement documenting what the market would bear?
The property tax folks are getting the benefit of higher prices in this inflated market from current sales, so why are all the rest of us paying more for a home that’s price cannot be documented and evidenced from a very recent sale. ?



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