Wednesday, July 9, 2008

Home values down, taxes up. You do the math

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Recently, I got a bill for my 2008 property taxes for my home. Although the price of my home has gone down nearly 20 percent in the past year my tax bill has increased about 40 percent. Now you figure that one out.

Oh, well. I guess someone has to pay for the Intercounty Connector.

I can see a lot of people voting with their feet and a wave of house sales in Montgomery County, which will further lower our property values and probably kick in a new and bigger tax hike.

R.E. Rieck, Silver Spring