Huh? You're talking about budgeted values for the payee, not the rate that an individual payer. I'm talking about the rate established for the payer, which is based on the value of your property. In absolute value terms I may pay more than my next door neighbor if my property is deemed to have a higher asset value. This would be no different if both my neighbor and I owned AAPL stock, but if I held more stock than him, I would owe more (theoretically) in taxes on that stock.