We have " market value assessment" Taxes are mill_rate x property_valua tion.
Used to be you would get reassessed when the property sold or once in a blue moon.
Now we have rich immigrants and and DINKS/YUPPIES pushing up the surrounding prices and the assessment folks jump on it quick.
One gets these "congratulation" letters -your property has been reassessed, yes we know it is a big increase so we will phase it in over 3 years. I don't think the first one was fully phased in when the second letter came.
Told my boss I need a big raise- but he can phase it in over 3 years.
Didn't go over so well....