Profile picture for mcampoamor

If the property value has gone down, shouldn't the taxes go down too..?

  • August 18 2011 - Coral Way
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Answers (3)

Best Answer

Profile picture for Blue Nile
Counties only re-assess a maximum of once per year; and they certainly don't have the time to re-assess every property every year.

They are happy to put automatic inflation factors on the property from year to year; but are not so excited to reduce the values year to year.

The local politicians set the standards and guidelines, so if they are not doing what you want, you need to take it to your representatives or show up at the public meetings and speak during public comment.
  • August 18 2011
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Problem is although values have gone down , the county will typically increase the milage rate to compensate this factor, creating a balance beam effect. thats probably why your taxes won't go down.
  • August 18 2011
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Profile picture for wetdawgs
It would be nice, but the governments depending on the property taxes don't tend to reduce their spending.    Sometimes one can appeal, but the percent decrease in taxes is likely to be far less than the percent decrease in value.
  • August 18 2011
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