Forgot to add the link to Orange County Tax Assessor's report in the post below. To read John Smith's update, click here.
OrangeChat
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Comments
the interesting thing
Mon, 02/09/2009 - 17:15 — TBlake....to me is the implicit assumption that value always goes up.
"For instance one neighborhood may increase over four years by thirty percent while another only by five percent."
I would venture a guess that in some places values have indeed gone down as real estate "days on the market" have gone up. I think this spring will be very telling with regard to the condition of the housing market, the liquidity and elasticity of pricing.
I wonder if the county is interested in buying my house for what they have it appraised at? Can I lock that price in for the next four years? Especially considering that out here we have little to no county services.
Interesting read
Fri, 02/06/2009 - 22:18 — elvisboy77It almost sounds like an apology. There is even a mention of the 9/11 attacks!
This skirts the bottom line that many people (as evidenced by the large number of appeals) do not agree with the assessments foisted upon us.
I think Obama needs to eliminate the inclusion of taxes and insurance in monthly mortgage payments, (the TI in PITI).
If people had to write a check once a year for their property taxes I think there would be a lot more interest in how our tax money is spent.