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Friday, November 16, 2007

Archive from November 16, 2007

Awesome news came in the mail today. According to the Warren Township Assessor, my modest three-bedroom house now has a market value of $310,790. The downside to that news is that property taxes will be going up yet again.

I need the Warren Township Assessor, maybe with help from my Lake County Board Rep., to do me a favor and find someone willing to pay me that much for this house. I will gladly move out of Lake County Illinois, away from the huge property taxes we all find so dear. There is just one small problem that the Warren Township Assessor will have finding me a buyer. No three-bedroom house in our neighborhood sells for near that price. I know of no house in our subdivision that ever broke upwards of the $300,000 level. The housing bubble has burst, and it is time for our political leaders to quit looking at our homes as their inexhaustible pet sources of municipal income. Why is the onus on the taxpayers to pay for appraisals and then jump though hoops filing appeals to prove the market value of their respective homes? The assessor’s job is to make accurate assessments. It is time to reassess the assessors.

Across the street from my home is a larger, newer, four bedroom home recently listed with an asking price of $287,000. It will go for less than that. Why is he selling? More than likely it is because he too just read his property tax notice.

Thanks for the visit. Hope it wasn’t too taxing.

James A. Zachary Jr.

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