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The largest part of your taxes are actually not related to the cost of your home. It is the amount of new structures like schools and fire stations...and those employees at those locations that will increase your taxes.
Each zip codes does get weighted...some areas will pay more money than other areas when it comes to your portion of the new costs. If your house costs 250K and another house costs 80K...the person with the 80K house will pay less than the person with the 250K.
If they stop building and reduce services and the tax base grows your taxes will acutally go down.
Right now the tax base is getting smaller and the services are growing so the taxes will go up...not down. The only way for your taxes to go down would be to have the nieghborhood re-weighted and that happens about every two years...by that time I would guess your home should of dropped another 50K and maybe that will help to reduce your taxes.
Take a look at this:
http://finance.yahoo.com/real-estate/article/106422/America's-Weakest-Housing-Markets
It states the Las Vegas Housing Market will continue to drop and over the next two years loose 48% more value of current home prices.
Since August 2009
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why has my home value dropped $53,000 in one year
susie825
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