Changes in assessment values do not affect the amount of revenue the city takes in from property taxes.
Actually, lowering the assessments of the friends and family club really wouldn't affect the revenue from taxes either. First of all, most of the friend and family club have 100% tax exemptions so they don't pay taxes anyway. And if they did pay something, the lower assessments on them will just raise the taxes on the financially struggling homeowners
 Right it's a double barreled attack on property owners. The connected hacks get their assessment lowered by the assessor or City Council. One mansion got a $100,000 reduction. The tax rate is the other problem. Even with a huge artificial increase in total City assessments these DEM morons refused to drop the rate enough. They lied and then kept it higher. The City should be rolling in dough. That they are flat busted is more proof that DEMS are fiscal incompetents. They refuse to release pension projections as required by State Law. Then they allow every half baked non-profit to back up a Brinks truck to City Hall. |
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