House Taxes Not Falling With House Prices

I had to laugh. It isn’t often — indeed, I don’t recall it ever happening before — that an article on Page One makes me chuckle. Maybe I’d better get used to the idea, however, given the state of the nation, and of the press. The headline read: "Home tax won’t fall very much." The article explained that, although housing costs have fallen substantially (the word used was "plunged") the property tax will drop little, if at all. And why not? Here’s the mirth-inducer: " — news reports of double-digit drops in housing prices are mostly irrelevant, county officials say." … Continue reading House Taxes Not Falling With House Prices