We received our tax assessment for the 2011 tax year today. Our assessed value dropped by $42,000. That’s on top of a $92,000 drop last year. WOW. Our assessed value has dropped by $134,000 in two years. If someone had told me that was going to happen a few years ago I would have looked at them in disbelief. Our home value has dropped by over 30% in two years. Unfortunately our taxes haven’t gone down 30% but they did decrease by $400 for the 2010 tax year. I wonder if we’ll see a further reduction next year? I’m guessing we won’t.
Ours went up this year! Not a lot but they still went up. Our taxes went up about $200 for the year.