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How come if the property values in states such as FL have decreased, property taxes haven’t?

Posted by RealEstateSEO | Posted in Real Estate SEO | Posted on 08-02-2010

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Property
lasm97 asked:


in states such as FL where property values have greatly decreased in a range of 50K-100K, how come the property taxes haven’t? Would we see a decrease in this year’s tax bills at the end of the year?