Re:American workers are demanding almost $80k a year to take...
by lotsofpulp on Monday August 21, 2023 @12:21PM
(#37211689)
> Compound that with property taxes: I just heard a neighbors condo's taxes go up from 8k to 18k in a single year.
This must be a special case of not having the correct assessed value, or an error and they are including condo association costs in their property tax.
Even at a 3% property tax rate, which very few Americans have, a $10k increase means a $333k increase in assessed value for a condo. 1% to 2% property tax rates are more likely, which would mean a ~$667k increase in assessed value.
Compound that with property taxes: I just heard a neighbors condo's taxes go up from 8k to 18k in a single year.