The Legislature Needs a Working Group and solutions now to address inflationary property value Assessments
Lets get to work. Most states have laws or policies that manage inflationary property value assessments. That promotes property tax fairness. I am suggesting taking the average of the last five years to determine market value which would make the tax charged more fair for everyone. Thus, you would take your 2018, 2019, 2020, 2021 and 2022 assessments, divide by five, and that result would be the market value for tax purposes. Presently the assessment is required by law to be …
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