Wednesday, February 28, 2007
Property Values Take 2
Part of this story is very positive. Property values going up is generally a sign of good growth in the commercial sector, coupled with stability and rising property values in the residential sector. From an investment standpoint, it is nice to know that those who have purchased homes have seen a 22% increase in property values.
This is a double edged sword though. As we are well aware, this also means that it also became that much more difficult for people to stay in their homes, or to purchase in Eckington.
Another concern is ensuring that our good friends at the Office of Taxation are calculating their tax rates and property taxes correctly. I am going to be somewhat obsessed with this issue for a while. The good old office of taxation has decided to raise my property value an insane amount. This is the second time that they have dont this. I am considering an appeal. Have any of you done this?