wrote in message
There is a popular misconception that if all the properties in a
community were to be valued at twice as much, then the taxes would be
2X. In most cases, this is simply not true.

If all the properties
get revalued to 2X what they were to bring them in line with current
market value, the tax rate then gets cut in half, resulting in the
same amount of revenue to the municipality.

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You are correct, of course, but there is a simple flaw in the logic. The
misconception is so popular and misunderstood that people expect a tax
increase so our community leaders make that come through and raise the
budget.