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Reply to "MoCo tax assessment for improvement value increases by over 50%"
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[quote=Anonymous]You said the overall increase has been 20% (which includes the 54% increase you mentioned). 20% is totally normal for MoCo over the past three years. When your property value goes up, the land value as well as the improvements value both go up, even if you've made no improvements -- that's what housing appreciation is. If appreciation was only based on the value of the improvements, then houses would be like cars, and their value would go down over time.[/quote]
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