"Han" wrote in message
If everyone's home gets appraised at market value you will get a certain
tax rate. If each property gets appraised for 1/10 its real market
value, the tax rate will have to be 10 times higher to raise the same
amount of money. It's that simple.

This is another one of those things that gets everyone's hackles up for
no reason whatsoever. The only key is that everyone's property needs to
be appraised in the same manner and to the same standards. The easiest
way is to make that evaluation have some relationship to "real" market
value.

True, but there is a flaw. Since many people don't understand how it
works, they assume that re-valuation means a tax increase. The local
government budget committee assures that your expectations are met, needed
or not.