If homeowners do not think they can sell their homes for the "full cash value" listed on their property tax assessment valuation, you have a right to appeal.

Homeowners should also look at comparables in their neighborhood to see if they line up with the property tax assessor's valuation. Find out what similar homes are selling for nearby. Learn more at Property Taxes

Lately taxes caught up to the trending higher prices for homes. The trickle down issue of increased tax valuations has caught up to those who were over extended due to the price of the home they purchased. Police and fire protection, and additional county, city and state services have mushroomed their budgets riding the back of increased property valuations.

What’s gonna happen if a severe recession takes place and that 600 thousand house is suddenly worth only 300 thousand? Using simple math, your property taxes will double …or do you really think local municipal government will cut back?