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During the last reappraisal in 2020, residential property values in Hamilton County went up 14% while the average property tax bill went up 6%, according to the Hamilton County auditor and treasurer.
Chances are, your house is worth more and you'll be paying more taxes. Overall, taxes didn't increase anywhere near as much as property values. Tax bills are up in Hamilton County – but not as ...
Hamilton County residents saw a 34% increase in residential property values in the auditor's reappraisal last year, but property taxes rose just 15%. ... which resulted in a more than 80% increase ...
Equalization is a step in property taxation to bring a uniformity to tax assessment levels across different geographical areas or classes of properties. Equalization is usually in the form of a uniform percentage of increase or decrease to each area or class of property. [1]
The amount of property tax is equal to the tax base x the tax rate voted by the municipality. The tax base is equal to 50% of the cadastral rental value of the property (For non-built properties, this tax base is equal to 80%). To this base is then applied the revaluation coefficient. (It stood at 1.012 for 2020).
Examples: California led the way in 1978 by capping assessed increases to no more than 2% annually until a home changes owners; in Texas, a no-sales-tax state where property taxes have long been ...
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The Hamilton County Commissioners voted for a 10% property tax rollback Thursday afternoon, less than what voters were promised after approving the half-penny riverfront sales tax in 1996.