Making Sense of Property Taxes

There have been some rumblings about why your property tax bill is actually going up when your assessed value (and actual property value) has gone down. It doesn't seem to make sense...

This article about DC's budget woes explains it saying that while the taxes haven't been raised, we are still playing "catch-up" since property taxes can't rise more than 10% each year. Click here for the article that includes some other interesting info about DC's budget.