Thread: Mortgage Rates
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Old 09-29-2022, 3:50pm   #67
Yadkin
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Originally Posted by dvarapala View Post
Try living in Illinois sometime. The formula they use to calculate your property taxes is so clever your taxes can go up even though the value of your house went down.
I lived in New York State for 11 years and saw similar games. My local Town Super had the gall to tell me "We've never raised taxes." They just played with the valuation to bleed as much as they wanted out of us.

The year I left they raised the fee on my professional license by about 300%. Their stated reason was to raise more revenue for unrelated programs from those with "privilege".

Also around that same time was the Thruway Authority bullshit. Originally sold as a 30 year program, at the end would give the state with new bridges and pavement. In year 29 the Legislature decided to keep the tolls, in fact increased them dramatically, again with the stated reason that it was a good stream of revenue. Rural drivers then got to subsidize ferries to NYC.
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