After getting second increase in property taxes in four years – small, but still an increase – I wondered why after my home value dropped $180,000 from the peak I never saw a decrease in property tax.
When prices were rising, taxes quickly increased. Using the county website it became quickly obvious that as assessed value dropped, the percentage of tax increased from 11.02 percent to the current 15.84 percnet. There were no new or additional levy or bonds. These bonds and levy were passed when home values were much lower than the peak so shouldn’t have to increase to make payments.
I then checked 11 other local Pierce Country property taxes and found all of them had similar increases. Not one ever had a decrease in total property taxes. So how does this happen when a levy or bond is passed with a stated percentage of tax and then change to maintain same level of higher taxes?
Sure feels like we are being scammed.