Re: help reading appraisal from revaluation
Posted by mscottc on 2018/2/12 22:16:16
I am not clear why abatement tax will be higher than your actual property tax, according to above info i was given from the abatement tax lady, it should never happen. I guess maybe some building has special non-standard abatement contracts.
This is because some abatements are based on, at least for a portion of the abatement period, on a calculation that has nothing to do with the normal tax rates, but a formula based on the highest purchase price and common charges. It is possible for that formula to wind up creating a number that is higher than the unabated tax bill.
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