Why do my property taxes keep rising and what can I do about it?
Why do my property taxes keep rising and what can I do about it? November 14, 2019 By savviproperties When you pay your property taxes, it is a major source of income for state county and local governments. Different types of land are taxed differently but generally, your property tax is a percentage of the assessed value of your property. Tax evaluation can also have an affect the price of your home when it comes time to sell your home What causes property taxes to increase? If your property taxes increase the most likely cause is because your property value has gone up. The assessed value includes both the land and the buildings on it . Tax assessors will value your property every one to five years and then tax you at the appropriate rate. One of the main causes of higher assessed value is improvements to the property . Another common cause is improvements to your neighborhood such as new construction or even improvements to some of the neighbor’s homes. Anything tha