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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (470387)	2/7/2012 1:35:31 PM
From: MJ	Read Replies (1) \| Respond to of 793670

Yes, even though the prices on houses declined the rate per $1,000. established by the County Boards of Supervisors increased. So home owners were getting a double whammy----------a decline in market value of the property as the real estate taxes dramatically increased. So now the County Boards looked at how to keep the government afloat----------- the answer was, to increase the pro-rata per $1,000. significantly higher to make up for the loss in tax revenue due to declining housing prices.