Your assessment is unlikely to go up unless you improve it.
Apparently you’ve never been to Texas. Texas and most US states tax on market value of the house. They tax unrealized gains. I bought my house in 1991 for 69,000. It’s currently valued at 475,000. I’ve done absolutely nothing to it other than regular maintenance. I am taxed on the 475,000 value.
Apparently you’ve never been to Texas. Texas and most US states tax on market value of the house. They tax unrealized gains. I bought my house in 1991 for 69,000. It’s currently valued at 475,000. I’ve done absolutely nothing to it other than regular maintenance. I am taxed on the 475,000 value.
Sorry they don’t teach us about ass backwards tax systems at school 🤷♀️