Comments on: Does Your Neighbor’s Foreclosure Affect the Value of Your Home? http://moneysmartlife.com/does-your-neighbor%e2%80%99s-foreclosure-affect-the-value-of-your-home/ Money Tips for a Better Life Fri, 19 Mar 2010 02:02:14 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: A Penny Saved is… $6,977.03! http://moneysmartlife.com/does-your-neighbor%e2%80%99s-foreclosure-affect-the-value-of-your-home/comment-page-1/#comment-104669 A Penny Saved is… $6,977.03! Wed, 10 Sep 2008 13:26:31 +0000 http://moneysmartlife.com/?p=996#comment-104669 [...] Does Your Neighbor’s Foreclosure Affect the Value of Your Home? at Money Smart Life [...] [...] Does Your Neighbor’s Foreclosure Affect the Value of Your Home? at Money Smart Life [...]

]]> By: marci http://moneysmartlife.com/does-your-neighbor%e2%80%99s-foreclosure-affect-the-value-of-your-home/comment-page-1/#comment-102337 marci Thu, 04 Sep 2008 14:24:56 +0000 http://moneysmartlife.com/?p=996#comment-102337 Conversely, if you own your home, no mortgage, and don't need to worry about any loan being over the value of the house, then if your property taxes keep rising, you will have a legitimate complaint for your property tax department. Use that info on the foreclosure sales values to appeal your own property tax, and hopefully get your own home's value lowered, and thereby pay less in property taxes. Going into retirement here, I'd just as soon the value on my house (where I intend to live til I don't wake up one morning) was lower so that my property taxes were lower.... I don't like having to pay more than I have to in property taxes :) If every cloud (foreclosures) has a silver lining, then the silver lining in foreclosures should be lower property taxes for the neighborhood. Conversely, if you own your home, no mortgage, and don’t need to worry about any loan being over the value of the house, then if your property taxes keep rising, you will have a legitimate complaint for your property tax department.

Use that info on the foreclosure sales values to appeal your own property tax, and hopefully get your own home’s value lowered, and thereby pay less in property taxes. Going into retirement here, I’d just as soon the value on my house (where I intend to live til I don’t wake up one morning) was lower so that my property taxes were lower…. I don’t like having to pay more than I have to in property taxes :)

If every cloud (foreclosures) has a silver lining, then the silver lining in foreclosures should be lower property taxes for the neighborhood.

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