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Reply to "MoCo tax assessment for improvement value increases by over 50%"
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[quote=Anonymous]New tax assessment has increased by 20+ % over the last time. OK, fine. But while assessed land value has increased slightly, the improvement value, that is the house, has increased by 54%! The house is 30+ years old, there have been no renovations or improvements since day 1, and it’s 3 years older since the last tax assessment. What gives? If calculation is based on cost vale, surely construction cost hasn’t gone up by 50%. Do others see the same trend on their assessments?[/quote]
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