Fair market value is only fair if everyone gets assessed at the same time using the same measurement stick and the measurement process is transparent.An increase in fair market value does not always mean an increase in property taxes.
My home was reassessed this last summer and saw an increase of $40k fair market value and my property tax bill decreased by $240.
Here the process is hidden, opaque, and the measurement stick changes based on you last name. The gatekeepers are protected and punish anyone asking questions why valuations differ significantly from sales data.
I don't understand how in this day and age of technology MPAC doesn't calculate property value EVERY YEAR based on sales data. It's a frigging algorithm that pulls info from a database, not rocket science. This is one example where AI could make things more timely and more fair.
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