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In response to
"
So it can be assessed at a higher value then the most current sale price
"
by
Stephen
the annual 2% increase is indexed to the last sale price
Posted by
pigby, supergenius (aka chris)
Jan 29 '09, 19:58
so it doesn't matter if you're sitting on what's currently valued as a million dollar home if you actually bought it for $100k 20 years ago. any increases are tied back to that original assessed value
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