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Will real estate taxes assessments be reduced to reflect the new devalued home prices...?

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Real estate Taxes are set periodically, based on values set by periodic assessments by a government assessor. If and when there is a new assessment, the value of a property may be higher or lower. Then, the taxing government sets a tax rate. So there is no automatic increase or decrease in tax rates. They are set by state and local governments based upon the governments perceived needs.
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no...

pleaz answer...

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thanx!
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Depends on your local tax assessor and the last time a full evaluation was done. No taxing authority willingly lowers taxes. Better if you just file an appeal with the tax grievance board.
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