Taxes increase in Waterbury as property values go up as much as 100-percent

So, I came across this interesting article yesterday about how property taxes are skyrocketing in Waterbury. Apparently, the values of homes in the area have increased up to 100-percent, which means the city has to raise taxes to make up for it.

Basically, the article talks about how this is affecting homeowners in the city, with some people reporting that their property taxes have doubled or even tripled in just one year. The article also mentioned that Waterbury isn’t the only place experiencing these kinds of tax hikes, as property values are soaring across the state.

To be honest, I’m not surprised by this at all. I live in a nearby town and have seen firsthand how competitive the housing market has become. I remember when my parents bought our house in the early 2000s, they paid around $250,000 for it. Now, the same house would probably sell for close to $500,000. It’s crazy how much things have changed, and it makes sense that taxes would increase as a result.

But all of this just reminds me how important it is for people to be aware of their property values and keep an eye on their tax bills. It might suck to see those numbers go up, but it’s better to know what to expect than to be blindsided by a huge increase.

Overall, I think this is an important topic for anyone who owns property in the state to be aware of. As housing prices continue to climb, we can probably expect to see more cities raising taxes to compensate. It’s not ideal, but it’s just the way things are for now.