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For some it actually reduces their financial burden because you can appeal to have your property taxes repegged to market value. As long as the economy doesn’t
by pcarolan 8y ago
For some it actually reduces their financial burden because you can appeal to have your property taxes repegged to market value. As long as the economy doesn’t tank with the housing market, it can be a welcome adjustment.
- derekp7 8y agoWhere I'm at, property taxes are based on the previous couple years "qualified" sales. So what happened last time, property values tanked, so no one was willing to sell. No sales means no comps. The only sales happening were foreclosures and/or short sales, which weren't considered qualified sales.