Every year, we vent our rage because our property tax bills go up. Lately, they have gone up a lot. We’re wounded yet again.
But serious, fundamental change isn’t happening. Why? Because we’re underthinking the problem and rushing to find a Band-Aid for the wound.
Caps on annual increases and sales price disclosure on commercial properties, for example, ignore the heart of the problem — the appraisal system and the appraisal review boards (ARBs).
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