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Old 03-14-2009, 02:37 PM
 
3 posts, read 8,759 times
Reputation: 11

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is available on their website. I looked at several neighborhoods and found values are down a LOT like $250k~ to $100k~. I am interested to see how the county is going to increase the rate to offset the shrinking base. 50% down means 100% rate hike to make it even! LOL.
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Old 03-14-2009, 02:49 PM
 
Location: Censorshipville...
4,439 posts, read 8,138,629 times
Reputation: 5026
Holy cow! My assessment dropped a little over 100k.

In case you don't know where to look: LandRover 2.0
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Old 03-14-2009, 03:24 PM
 
Location: Prince William County, VA
722 posts, read 1,924,562 times
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Ours dropped about 100k too. We bought in 2006, and it's dropped about 230k since then.

At least our property taxes will go down?
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Old 03-14-2009, 05:14 PM
 
84 posts, read 276,149 times
Reputation: 27
I live in Manassas City, and our assessment went down 100k.
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Old 03-14-2009, 07:44 PM
 
Location: Suburbia
8,827 posts, read 15,329,864 times
Reputation: 4533
Ours went down about $73k. (Manassas)
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Old 03-14-2009, 08:52 PM
 
482 posts, read 1,372,709 times
Reputation: 87
My parents house in 20110, dropped 93K. It's 50K less than they paid at the end of 2003.
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Old 03-14-2009, 10:39 PM
 
Location: Springfield
2,765 posts, read 8,333,316 times
Reputation: 1115
Where you all living? OMG I'm going to panic now. Assessments wow SELL SELL SELL!!!! FLIPPEM if u GOTTEM. OMG OMG OMG I can't make my used bmw 325i payment, were all DOOMED. My hopes of 3 kids and a golden retreiver are OVER!!

Last edited by VRE332; 03-14-2009 at 10:50 PM..
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Old 03-14-2009, 11:26 PM
 
3,164 posts, read 6,955,577 times
Reputation: 1279
There is a fair amount of evidence that PWC has bottom out on house prices, and that house prices are beginning to rise again. Here's an example: February Market Numbers : Piedmont Real Estate Blog Historically, outer suburbs lose value first in a downturn in the housing market. They also recover first. Most of Fairfax has not yet hit bottom.
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Old 03-15-2009, 01:12 PM
 
Location: Central Maine
4,697 posts, read 6,452,525 times
Reputation: 5047
Our house (22193) came down $107K this year. Since the assessment of 2006 (when the assessed value of our house peaked), the assessment has come down 46%. Fortunately, we've been in the house for 17 years, and our mortgage is still quite a bit less than the assessed value. Still, it hurts.
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Old 03-15-2009, 02:22 PM
 
482 posts, read 1,372,709 times
Reputation: 87
Quote:
Originally Posted by nwlv View Post
My parents house in 20110, dropped 93K. It's 50K less than they paid at the end of 2003.

Mine went from 112,000 to 72,800. However, I paid 35,400 in January. My taxes are capped at 3% per year, so my taxes will remain at about 800 per year in Summerlin, Nevada.
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