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City Assessor

"Sticky" Property Taxes

Q: How long does a property tax hangover last?A: Two years-plusOne of the sticking points, literally, for would-be Buyers of foreclosed properties is an unpleasant hangover from the erstwhile housing boom: bloated property taxes.In today’s, foreclosure-tinged market, it’s not unusual to see homes listed for 30% or less of their assessed tax value (no, that’s...
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