Kenneth Hiltz 
Member since Oct 18, 2012



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Re: “Why everyone loses under the city’s new property tax plan

The CAP program holding assessments to the CPI is bogus anyway.

There is an issue on how they calculate those increases. Any gradeschool student will tell you when a price goes from $100 to $125 it's a 25% increase. That is how the CPI is calculated, ( Current$/Base$-100% ) I checked. It's only public ignorance that allows the tax depertment to call rise from $100K to $125K a 20% increase. It's clearly a 25% increase. Using their twisted math I've seen properties torn down go from $160K to $20K or -700%. A gradeschool student will tell you that's really only a -87.5% change.

Posted by Kenneth Hiltz on 10/18/2012 at 11:12 AM

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