S#!t Outta Luck: Values Down, Taxes Up

We’ve heard what Elliman, Corcoran and others think happened to prices last year and now we know what Bloomberg et al think: That property valuesat least in Clinton Hillfell 10 percent last year. The assessed value, however, did not decrease in accordance. As previously reported, property taxes are going up 7 percent this year. Ouch. Update: Crazy Stable is riffing on the same topic.
May 21, 2012 | 02:16 PM