LOL, you should see what is happening in states with runaway public employee obligations! Even with property values plummting, our property taxes are skyrocketing. Some areas went up more than 6% last year alone and are due for even more this year, while their property values continue to decline.
Heck, I just saw my newest Cook County Appraisal set for next year. The government crooks acutally shot up my supposed property value to 15% more than what I paid for it in 2004! Yes, this is right after one of the other units in my building that was the same value as mine in 2004 just sold in a short sale for 18% below what we both paid two months apart in 2004! For goodnes sakes, there should be a law that the counties have to buy the property from the owner at the value they are appraising if the homeowner so chooses. I would jump at it, then buy the same type of property back for $50K less!
Market Data 
Markets 
AI
