"Stefan Patric" wrote in message
...
Seems like your system is a lot worse than mine with bureaucrats setting
variables at will each year with little or no control. At least with
mine, variables and rates can't be changed easily or quickly, or without
legislative, and in some places the people's approval. However, the flaw
in the calculation is how the Home's Value is determined. One would
expect that replacement cost, that is, the cost of actually building that
home "today", is the best, but that method is costly. It requires actual
periodic appraisals. The most common method, however, and cheapest is
comparables or "comps." That is, your home's "value" is what other homes
similar to yours in your area have sold for that year.

That is how our homes are valued too, but the "cents in the dollar rate"
then applied is simply derived by calculating how much money they want.


"Determined" by who? And what proof did they use to arrive at that
conclusion?

Economists, financiers, financial analysts, think tanks, even government
investigators, etc. Certainly, not your average man on the street
opinions. As far as "proof," as in any financial/business investigation,
they started with the numbers, and followed the money.

And they also start with an agenda, and select the data to suit.


Don't believe everything you read in the right wing press! :-)

The "press" here--TV, radio and print--is, by and large, very much left
leaning.


You haven't heard of FOX and our expat Rupert Murdoch then :-)


Although, they deny it.;-)

Dead right, Rupert would be caught dead being associated with the left,
unless he gets another $Billion or three! :-)

Trevor.