A friend dropped off a print out of her property tax increases since 2009 to me yesterday.
Since 2009 she has done little to no improvements to her property. In fact this past year, the city had to tear up her boulevard for water issues and remove a tree due to the icestorm.
Her home has not increased in value since 2009. It is valued at $96,000 by the county.
From 2009-2010 her taxes increased $4
From 2010-2011 her taxes increased $3
From 2011-2012 her taxes increased $70
I suppose the sudden bump has to do with the county & school district opt-outs.
The part that is disconcerting is that while the city is handing out property tax cut incentives to wealthy developers, we are sticking it to the little guy to help pay for the needs of the county, city and school district.
If we feel like we need to continue these kind of increases, fine. But let’s eliminate TIF’s and have a triple approval process with the county and school district.