Re: 2010 worst year for home sales since 1997

On Thu, 20 Jan 2011, Lance McLain wrote:

>> but yeah, we get property assessments every year, usually the first 
>> week of January or thenabouts. For three years, we got *two* 
>> assessments -- one for the apartment we live in, and one for the 
>> apartment we were renting out -- but since we sold the latter apartment 
>> last summer, we got just the one assessment this year.
>
> Wow...we got an assessment once every 3 years which was used for each 
> year. Unless the property changed ownership, at which case there was a 
> new assessment and the caps lifted and the taxable value returned to 
> 100% of assessed value.

Did you get what I think we call a "home owner's benefit", where your 
property tax is significantly reduced if the property in question is your 
primary residence?

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