So I get a property tax bill on one of my houses today...

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  • anotherclone
    anotherclone Posts: 1,688
    unsung wrote:
    And my value of my house went up, along with my taxes. Isn't it strange that just about every legitimate authority on real estate says that property values are dropping and the end is still not here, yet my values went up? So since the value went up so did my taxes, amazing how that works.

    I'm not sure where you live. In our county, (in Washington State), our assessed values and taxes are based upon last year's values and tax rates. I think that perhaps in 2009, we'll see a reduction in the assessed values once we've had one full year of a clearly depressed (for lack of a better word) real estate market.

    Still not sure about the taxes going down though because, as someone else mentioned, there will be various tax levies that may have passed that will come into effect.

    You should look into appealing. I know a LOT of people do it and many get it reduced. Depending upon your state you do have a certain cut-off date for logging your appeal. I think here ours is in February.

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