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The Housing Crash May Not Hurt Property Tax Revenues

Property taxes are applied directly to your local needs, schools etc. This type of tax should be the most palatable type to a believer of reduced Federal Gov inervention in our lives.

Ron Paul's "Property Tax Deduction for All Act" would make taxes on property an “above the line” deduction, meaning that taxpayers could deduct their property taxes without having to itemize all their deductions.
See: www.house.gov/paul/pre...

Interesting!

How Long Until the Housing Market Recovers?

Wez, on beach property southeast coast...

Last year only 6 properties sold in our tiny community on the GA coast. This year 42 properties are in foreclosure. Only 3 propeties have sold so far this year.

Prices will go down. Deservedly so. The 2004 - 2006 bubble was astronomical bringing my property assessment up 45% in those 3 years. Rediculous!

RE agents are telling owners their properties will hold their 2006 values...yet nothing is selling, except the agent's properties...hmm?

The laws of supply and demand will prevail.

U.S. Home Prices Go From Bad To Worse

Couldn't agree more...I'm so tired of seeing $300,000 fixer uppers!

U.S. Home Prices Go From Bad To Worse

Couldn't agree more...I'm so tired of seeing $300,000 fixer uppers!