How can my taxes go up if my propertys taxable value doesnt increase?
Tax rates may be affected by a variety of factors. Rates may increase due to a taxing districts emergency needs or voter-approved bonds and override levies. Total tax rates may increase due to the creation of a new taxing district that includes your property or because other property values declined while yours didnt. For example, if a business has downsized or slowed for local industry or agriculture, a countys economy may suffer and affected property values may go down. Consequently, your taxes may be higher since taxing districts still need to pay for basic services.
