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I gotta tell ya'-This is somewhat frustrating. The last reval was done during the peak sales and price period. It was done during the highest sales and period ever on record.
Now they are going to do it again during the worst sales ever. Oy!
This will effectually devalue properties bought over the past 5 years and could potentially put some home buyers who bought in the recent past in negative equity situation.
And taxes-Don't expect to save any. Last reval the tax rate was readjusted so as to keep the revenue "nuetral".
I believe that the tax rate is going to move up about 20%, maybe as high as 30%...so we may be looking at .26 to .30 county tax rate....my best guess...
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