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Usually this means your property grew in value faster than the rest of the city so you now pay for a higher total percentage of the cities budget. This has happ
by TimPC 4y ago
Usually this means your property grew in value faster than the rest of the city so you now pay for a higher total percentage of the cities budget. This has happened to me too.
Roughly speaking if the mill rate falls from 1.0% to 0.9% but your property went from $1 million to $1.2 million you now pay $10,800 instead of $10,000. But the rise in property prices still caused the mill rate to go down.