If the mill rate for Victoria property taxes decreased by 12 % and my assessed property value increased by 22% from last year.....didn't the city of Victoria just receive an increase of 10% +- in dollars? Imagine the impact on total revenue across the city.
What am I missing?
while your assessment was above average and taxes went up for you, there will be a balancing offset of folks whose assessment was below average and their taxes went down
so the net for the city shoukd be the same (the same being whatever % increase they budgeted for, that is!)