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When new zoning is in place, do tax rates or property taxes go up again?

April 26, 2017property taxes rates tax Zoning

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When new zoning is in place, do tax rates or property taxes go up again?

1 Answer

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Short answer is no, not until the property owner does something different with their property. The amount of City property taxes an individual pays is the result of multiplying the assessed value of their property by the tax rate levied by the City. An increase in either value will increase property taxes.