I'm pretty sure when reevaluations take affect the county will adjust the tax rate to produce the same property tax revenue. So, if on average homes are valued at 25% less, then the tax rate raises 25% to make up the difference. The county isn't just going to get by on 25% tax revenue.
From my understanding, the only people that have something to gain are those whose property values have fallen greater than the average. Like maybe the beach towns.
Again, please correct me if I'm wrong.
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