I just read the Sun Chronicle online and am really confused about the tax rate. The article states that the rate will go from $9.64 to $10.52 per $1,000 of valuation - that is $.88 per $1000. Later the article claims that "The median price is $50 higher in taxes for the residential homeowner". But still later it says "The median home value is $289,000". The math does not work. If the rate is going up $.88 then the increase for an owner of the median home ($289,000) would be $254.32.
Did anyone watch the show? ANyone know what gives?
Thu Dec 10, 2009 5:54 pm mkreyssig