Originally Posted by
GNs-r-slow
Dont really understand why if my nieghbor doesnt pay his mortgage and gets forclosed on, that would lower the value of my home. AND not only does it lower the value but I wont see it on my tax bill? WTF
Foreclosed homes bring down the neighborhood price average. Also if your home is now worth less becuase of houses that have sold this year, you will see it on next years taxes. They appraise them annually. If you think your taxes should be lowered, you can call your county tax appraiser and have them look at it.