ST Alpha - "Except doesn't the local gov come out and reassess property values every set number of years? -- nm" (Reading a Post)

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In response to "the hilarious part is all these cratering values means everyone who buys low is guaranteeing even more lost revenue for years to come -- nm" by pigby

Except doesn't the local gov come out and reassess property values every set number of years? -- nm

Posted by Stephen (aka SCeire) Jan 29 '09, 18:43

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In Illinois it's 3 years. And right now the current asseements are based on the realty bubble prices. - the liioulu with tiny planes Jan 29, 18:47
If your tax increase cap is on your original purchase price, that won't matter. -- nm - TFox Jan 29, 18:45 2
- I'm not sure if that's the case -- nm - Stephen Jan 29, 18:56 1
  - I mean, it says exactly that 5 posts up. That's what I'm basing it on. -- nm - TFox Jan 29, 18:57

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