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by ellisv
546 days ago
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In my state, homes are assessed using true cash value (TCV) when the property is sold and then the taxable value is adjusted annually. If the property values within a neighborhood decrease (e.g. due to uninsurability) then that would be reflected in the taxable value. Take a look at Detroit and surrounding area property values in the late 1980s and 2008-2012. |
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