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Could your property taxes actually be getting cheaper?

Posted on 15 March 2012

ApartmentsProperty taxes are based on the value of one’s home. But as the real estate market collapsed and owners watched in horror as home values dropped by one-third, or perhaps half, their property taxes probably didn’t budge.
Through the Great Recession and years of a stagnant market that followed, it’s more likely that your property taxes have kept creeping upward. Finally, though, five years after the market first began to stumble, property taxes seem to be declining in parts of the country………………………………………..Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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