bodhipooh t1_iud64q6 wrote on October 30, 2022 at 1:04 PM

Reply to comment by n3gative_c00l in Property tax question by n3gative_c00l

>Does this mean that they basically didn't smooth the increase out over 4 quarters, so it is like ~3X higher than normal?

Basically, this is correct. Q3 and Q4 were high because they are "trueing up" for the year. The budget that was approved in October is the 2022 budget, so the increase in taxes is retroactive to the beginning of the year and became *instantly* due in Q4.

wasting_-my-_time t1_iudgw8f wrote on October 30, 2022 at 2:32 PM

I fully expect this will happen again in 2023. Plan for a big tax hit.

pixel_of_moral_decay t1_iudr9e6 wrote on October 30, 2022 at 3:46 PM

It will. State will contribute less to BOE so even without inflation taxes will need to go up.

Then the city hasn’t fully accounted for inflation since most of this years budget is retroactive. So that’s on next years budget.

That’s the minimum.

bodhipooh t1_iudx2c9 wrote on October 30, 2022 at 4:26 PM

You, and I, and several others have been stating this for years, pretty much unheeded or ignored by most, it seems.

HappyArtichoke7729 t1_iue8q54 wrote on October 30, 2022 at 5:44 PM

It's because we vote for absolute fucking morons to run our society.

mbstor23 t1_iug76gk wrote on October 31, 2022 at 2:00 AM

Amy DeGise

mbstor23 t1_iug74li wrote on October 31, 2022 at 1:59 AM

Correct.

n3gative_c00l OP t1_iuhwxkt wrote on October 31, 2022 at 1:47 PM

Thanks