Thank you Yorkster. I'm definitely surprised the phase in option isn't on the table. That's going to be a crushing blow to a lot of people.

I fall into the "I bought downtown with no intentions of leaving" column and I'm hoping someone can help me clarify all the info I've been seeing re: outcome of the reval.

Regardless of how much I paid when I bought, my taxes will now be based on the current market value of my home? So if our neighbors sold for $1.6 million recently am I to expect my tax bill to jump to the $28-$30k range as a result?

Do we expect this to be phased in or done in one swift move? A friend was told this week by the tax office not to expect any changes in tax bills until 3rd quarter 2018 and I find that hard to believe. Thought it would be in place by end of year 2017?