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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Think4Yourself who wrote (200632)5/6/2009 4:03:39 PM
From: Cal AmariRead Replies (1) of 306849
 
Cash strapped municipalities are also going to be forced to raise property taxes soon.

And the way they are doing that is through "mark to fantasy" property reassessments. My new assessed value was up 29% (over the assessed value upon purchase in 2006). After my appeal, the assessed value was up "only 20%."

F@$king bastiges.

I expect that counties all over are going to delay new reassessments as long as they can to maintain high taxable values. They will offer justifications like "due to budget cuts we can't afford to reassess properties as frequently."
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