Quote:
Originally Posted by Nebe
Something else to consider is that the higher reevaluations in the housing market was a windfall tax income for just about every town in America and helped shore up major budget shortfalls across the nation. That being said, it was in everyone's interest to see house prices go up- the home owner felt rich and the towns were taking in more property tax.
I feel like someone just pushed the reset button......
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Yeah I remember in 2005 when my house was reevaluated and I my taxes took a big jump up. This year they just did the reevaluations and my assessment stayed the same. This is what sucks because there is no way I could get what my house is assessed for in today's market. But of course towns and cities will never lower your assessment! The only people the housing crisis helps right now is first time buyers. If your are a first time buyer you can get a great deal.
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