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I'm not sure if this is the right spot to post this...

Given the severe market devaluation of homes recently, does anyone know if a tax assessor will come out and reassess your home? Most unfortunately, we bought our home at the very peak of the market and are looking at (if my math is correct) about a 35% decrease in the value of our home. We bought for $385,000 and are looking at a value of around $250,000. Our home on the county website says the market value is $267,000. Which was the value when we purchased our home 2 years ago. Last year we paid almost $7000 in property taxes. I would sure like to pay less than that this year! (A LOT less in fact)

Sorry if this is a dumb question or posted in the wrong place.

Thanks in advance.

:^) NoOne
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