Assessed Property value has fallen

During the heyday of the housing market, 2001 – 2007, I as a homeowner would not have welcomed the news that the value of my home dropped.

But it is 2012. The housing market is still below water. With a reduced assessed value, that means my property tax will be lower next year. In turn, the credit union will set aide fewer dollars for the escrow account. In turn, I will have a few more dollars each month which I will apply to the 2nd mortgage (hopefully will be paid off by the end of 2013).

Yes, something to smile about 🙂

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