PROPERTY TAXES AND REAL ESTATE (MANDATORY THREAD)

Taxes are a fact of life; property taxes fund the operations of local government. Property owners fully understand the role of local property taxes play in the development and growth of our local communities from schools to parks to fire and police protection to local roads and other community based services that make our communities what they are. So, it should be clear that a review of the property tax process is appropriate.

Take time to contact your local county or city government (visit or call during the normal weekday work hours) and report back what your local assessor is doing to keep up-to-date on the changing value of the real estate market in your community.

What was the impact of the real estate market collapse (2006-2008) to local property values? What has been the extent of the real estate recovery over the past 10 years? What conclusions, if any, do you draw about your local government and their property tax policies?

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