Home Tax Guide

The Case-Shiller Index that monitors home values started to show a drop in home values after a 14% increase in 2006. In the early months of 2007, property values started a slow decline that averaged 1.5% in the first few months.  As 2007 wore on, the sub-prime challenge came more to light but not enough to be reflected in the home assessments in the beginning of 2008.  This declining trend rapidly accelerated throughout 2008 with, not only the sub prime issue but the failures of Freddie Mac and Fannie Mae.  Home values have lost an average of 20% nationwide.  Will this be reflected in your upcoming tax assessment bills?  Don’t count on it as the local counties and municipalities scramble to keep as much money coming to them as possible!

What can be done about this?   Read the this article and supporting ideas to learn more.