Greetings,
I happily checked "yes" on the referenda to the schools and libraries this
past election day and I'm the first to admit I'm a tax and spend liberal,
but I was a bit taken aback by a whopping 48% increase on the 2001 estimated
property taxes for a rental property we own on W. 46th. I tried calling the
assessor today to no avail, and a colleague thought that the city could only
impose a certain increase percentage each year (i.e. 15% or the like), but
wasn't sure. I'll keep trying the assessor, but does anyone know about the
appeals process or is this type of increase typical? We did go from
homestead to rental (non-homestead) but that doesn't seem to warrant such a
huge increase, especially on the school levy line, which went from $76 to
somewhere in the neighborhood of $450! Yikes! We'll have to raise the rent
on our property if this keeps up and that's the last thing we want to do
since we like our tenants and want them to stay.
Thanks,
Caroline Palmer
Kingfield
