[Venturer]

That’s exactly what they do.

When the assessment goes down the tax rate goes up.

They will adjust it until they get what they need.

[UB355]

Exactly, like I said this journalist is ignorant or stupid.

[stickywillie]

vacant foreclosed homes return no taxes, and there are record #’s in foreclosure today

[SunkenCiv]

Thanks!

[Catmom]

Rinse and repeat.

And don’t expect the assessment rates to go down when (if) property values rebound.