January 26, 2012

Philly.com – Steps that could lower your property taxes

With home values plunging in many markets around the country, it seems only logical that most homeowners today would pay lower property taxes.

Yet, according to the National Association of Home Builders, property taxes across the nation have increased by nearly 20 percent from 2005 to 2009 (the most recent data available). And several experts say those numbers may continue to get worse, especially if the American economy continues its downward trend. What many taxpayers fail to understand is that a decrease in home values has little impact on property tax bills.

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