DIYbanter - View Single Post - Shopsmith on steroids --- Felder CF 741

Ed Pawlowski

On 1/15/2017 10:46 PM, wrote:

That seems to be one area that Vermont actually did better. They had
a "Grand List" of all property in the town. The tax rate was set at
the annual budger divided by the "Grand List". If property values
tank, the rate goes up. The total tax is the same (in theory). Here,
the taxes colllected vary with property taxes. Seems they should vary
by the "needs" of the community.

In theory it works that way. Unfortunately, too many people don't
understand it. When the come around every 10 years (now 5) I hear people
complain that once revalued their tax will go up. The town finance
committee seems willing to make that come true. It is a money grab with
an increased budget.