How Your Property Taxes Are Affected by Declining Real Estate Markets
Nicole Schnell2024-02-15T16:16:48+00:00Here’s what you need to know about the relationship between property taxes and declining markets: Open market value reflects what a property could currently sell for, while assessed value, which determines your property taxes, tends to lag far behind. When the market declines, lagging assessed values can mean homeowners now have higher property taxes [...]










