[Dead Corpse]

My assessment from the County dropped my house value another $15k. At least my property taxes went down.

Also, paying more for health insurance, fuel, food, electricity...

Yeah... Someone’s cooking the numbers on that household balance sheet ‘cause is doesn’t match reality.

[Wyatt's Torch]

Property taxes typically have about a 3 year lag to actual property values (Atlanta Fed). Property tax collections peaked and then started declining well after the collapse in housing and are still declining:

Property taxes are a very lagging indicator.

[cornfedcowboy]

Yeah... Someone’s cooking the numbers on that household balance sheet ‘cause is doesn’t match reality.

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I agree. Not just the balance sheet, but the true value.