5/14/25 Realtor.com tells the sad story of a family that made major structural changes to a family home and the county reassessed it's value from $650,000 to $4 4 million. Property values rose since the last assessment. Their property taxes thus rose from $15,000 to $91,000 per year.
Yes, it can be surprising when your oceanfront house becomes a very valuable property. You have become very rich. Deal with it.
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