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Went and paid real estate taxes today. The tax bill went up 5% over 2008. First quarter, 2009 existing home sales were reported and across the country the value of our homes dropped almost 20%. Help me understand why our real estate tax bills do not reflect the erosion in the values of our homes over the past 18 months.
We know this is an issue the folks in Washington have little jurisdiction upon. However, our Representation needs to hear from all of us that we’re not real happy many of us are paying taxes based upon unrealistic property values while we are, or becoming “upside down”.
They need to hear us, all of US.