Real Estate Taxes?

I just recevied a Notice from the Dept of Finance which stated that the Market Value of my home has increased by $381,924 (more than doubling) while the Taxable Value has increased by $1,235. Is it normal for the Market Value to increase by that much? Also, how will these increases affect my tax bill? Currently, I pay around $750 per quarter. Any explanation given would be GREATLY appreciated.

thanks so much.

By | 01/23/2007 10:08 AM