6/10/2008

Get your check books out Marion County

Its time for you to start looking for that dreaded property tax make up bill to come to your mail box. If you are expecting "property tax relief" I would not count on it.

If your assessment went up with the new assessments on property, you tax bill will also go up for 2007. The next two years will be high until the 1% cap kicks in. The property tax “relief” package is a good deal, but they sneaked in that it takes 3 years to get there. With the one percent cap, I will be paying a little less then I did in 2006 when it kicks in. But I will be paying the 1% sales tax for 3 years before this. That only leaves you with the time that they raise your assessments on your property to meet the next property tax raise.

So for the next two years, I will be paying more property tax then I did before the property tax relief came about. They do such great work at the state house.

1 comment:

Anonymous said...

Familiar post . . . I thought this wasn't news to you? Why post it?