Quote:
Originally Posted by Velvet
I like this idea of housing crash in TV since I don’t plan to sell in the near future, but why has my property tax gone up by a significant amount, instead of down then?
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In 2008, when the entire country saw significant devaluation of their homes, not so much in the Villages. The cost of homes decreased by $20,000-$30,000 for a short time period. In two years, the market returned to the before crash prices and then stabilized. I saw no change in my property taxes in that time period.