The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Giordano Bruno who wrote (123811)	5/18/2008 5:30:34 PM
From: Jim McMannis	of 306849

Two counties to lower property taxes on homes worth less than sale price pe.com Those who bought Inland Southern California houses at the top of the market and have watched their property values plummet can expect lower property taxes this year, say assessors for Riverside and San Bernardino counties. Starting this month, the assessors' staffs will review 381,000 residential properties to determine if their assessed values should be lowered. They are using new computer software for the daunting task, which must be accomplished by the end of June, when the assessment roll is updated. San Bernardino County Assessor Bill Postmus and Riverside County Assessor-County Clerk-Recorder Larry Ward said real estate values have dropped precipitously and they are resolved to revalue affected residential properties en masse rather than wait for homeowners'

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