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patient, it's 4% max without a waiver (which I suspect we would get this year and maybe next). AND, to clarify further, that's a 4% max increase in the Levy (total property taxes), not the rate. Any new buildings would reduce the rate a little, and there is some new residential and commercial construction going on in Warwick. But let's just say it is a 4% rate hike every year, this is the table for a home that is paying $4000 property tax in this budget year and increasing 4% each year for the next ten years (which, as we all know, goes by quick!):
2018 $4,000
2019 $4,160
2020 $4,326
2021 $4,499
2022 $4,679
2023 $4,867
2024 $5,061
2025 $5,264
2026 $5,474
2027 $5,693
2028 $5,921
2029 $6,158
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