Navigator News (Coverage Ranks) Business40966 Tax560 Property Tax10 Real Estate Tax 1 Real Estate Tax Related Events 2008 U.S. Real Estate Crisis 1 2008 U.S. Recession 1 Global Financial Crisis 1

Why Does Your Devalued Home Have Such a High Tax Rate? Are your property taxes rising while the value of your house falls? Join the multitudes of Americans in the same predicament. In Atlanta, home values have tumbled over the past year by as much as 12% but an Atlanta Neighborhood Development Partnership study of high foreclosure areas found that the owners of those properties would have had to pay an extra $70 million in taxes because of overvalued but official appraisals. In states from New York to Arizona, angry citizen groups are lobbying their state legislatures - already facing budget shortfalls themselves - to address the discrepancies.   Nations:U.S.   Activities:2008 U.S. Real Estate Crisis   Source:(Time)   2009-01-13 Headlines Why Does Your Devalued Home Have Such a High Tax Rate? 2009-01-13 Most-viewed Why Does Your Devalued Home Have Such a High Tax Rate? 2009-01-13

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