Will real estate taxes assessments be reduced to reflect the new devalued home prices...?

Public Comments

1. Real estate Taxes are set periodically, based on values set by periodic assessments by a government assessor. If and when there is a new assessment, the value of a property may be higher or lower. Then, the taxing government sets a tax rate. So there is no automatic increase or decrease in tax rates. They are set by state and local governments based upon the governments perceived needs.
2. Depends on your local tax assessor and the last time a full evaluation was done. No taxing authority willingly lowers taxes. Better if you just file an appeal with the tax grievance board.
3. no... pleaz answer... http://answers.yahoo.com/question/index;_ylt=Alo6waT4zF..uNg1WJkVHvrty6IX;_ylv=3?qid=20080804100105AABIHBr and this one too... http://answers.yahoo.com/question/index;_ylt=Ao2OPYtOpTQSiVhgQXi7Vs3ty6IX;_ylv=3?qid=20080803173517AALE0d6 thanx!