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‘My Property Tax Went From $15K to a Life-Altering $91K a Year’
(www.yahoo.com)
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this post was submitted on 15 May 2025
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A Boring Dystopia
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Based on the backstory, they kind of did what you said, bought it in a relatively more affordable context, and then the world changed their minds around them and retroactively declared it a multi million dollar property. Well at least for tax purposes and likely insurance, but not necessarily market rate (tax assessments commonly lag the market, so a market downturn could leave them with a multi-million dollar house that no one will pay the stated value for
More like the house is likely worth even more than the $4.4M it was assessed at. But nice try trying to spin your point to fit your narrative.