Tuesday, October 12, 2010

Property Taxes --- Recession Edition

Hmmmm.... so do I laugh or cry?  About 10 days ago the property tax bill arrived -- always such a joyous occasion anyway.  This year's edition announced that our house had lost fully 1/3 of its value (or at least what we paid for it 2006).  And frankly, when Kern county is willing to admit that -- you know it's true.  Not exactly unexpected.  But wait, it gets better.  This week an updated edition arrived with a correction.  No, in fact, hearth and home has not lost 1/3 of what we paid for it -- really, it's much closer to 1/2.  The good news of course is that our tax bill is $1,000 lower as a result of this error being corrected and that truly does make me happy.  I just wish that happiness weren't tinged with the knowledge that we're now upside down by about the same amount we had in equity when we purchased this place.  Ouch!

No comments:

Post a Comment