Saturday, December 8, 2007
Taxes
Village increase on my tax bill was 5.6% and KUSD was 5.1%. I thought Village was supposed to be less than KUSD? Sure glad the referendums didn't pass. What will next year look like with the big housing slowdown? What is state law; 2%? I sure hope the Board and staff are planning ahead behind the scenes for a big reduction in new money for next year as I didn't see anything about future in budget discussions other than money for roads.
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4 comments:
Better question is if the housing slowdown continues and property values decline, will the village reduce assessed values? Let's see what they do with the mill rate then.
Let's see...an increase in the Village tax rate, and an increase in your assessed value. Add them together, and you could have an increase larger than the state maximum. If you are not smart enough to figure this out, sheesh.
Be glad that your value is going up.
Honestly, do you write this kind of stuff before you've had coffee? What's your excuse for not knowing this elementary explanation?
Ya, I had my coffee. Since your such a know-it-all, and since my assessed value was less than Village's, why should Villages rate be higher % increase than all the otehrs? I guess you misunderstood, again. Sorry that your assessed value went up. Why should you be glad that your value is going up if you intend to stay put? Read it again.
"If you are not smart enough to figure this out, sheesh."
I see we have another financial genius like Clyde Allen. No wait, he's the finance guru who said the largest increase in Village in ten years was OK because it is like your yearly raise; so that makes it OK? What a dope.
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