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Metropolitan DC Local Politics
Reply to "New real estate assessment rates are released from State of Maryland"
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[quote=Anonymous][quote=Anonymous]So let's get this straight, when you go to sell, and your property is worth significantly more than what you bought it for, you are happy. But when the state tries to charge you more for your increased home value, you are angry? [/quote] You don’t get to recognize that market appreciation until you sell the asset, and no longer own it. But you’re penalized for the higher assessment will hold you own it. Eventually given enough years, the increase in taxes will completely wipe out any future gains in assessed value. Are you new to math? [/quote]
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