Quote:
Originally Posted by finbar
^ so true.
My fave mechanic, Salvidge auto, ceased operations on 4th & Fir as his taxes went up 100% year over year. $40K before turning on the lights, that's alot of oil changes.
The condoleers are coming.
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I dont feel bad for them at all. I know a friend who had a similar situation for that. Taxes are based on market value, and his property value probably went up over 100%.
One of my buddies basically got lucky, they owned a business. His taxes went up 100%. but a developer came in couple years later and asked to purchase his land for like 7 million dollars or something like that, he bought it for like $1.2 million or something. The property taxes are a small price to pay for the net worth of your property increasing. The guy basically won the lottery.