How does the property value really affect me?
July 31, 2012 1:52 PM Subscribe
Home value dropped - does it really matter?
posted by smelvis to Work & Money (9 answers total) 1 user marked this as a favorite
Our county mailed out the latest property assessments this week. No surprise, our property value dropped significantly. We have the option to dispute the value as being too high or too low. Our value should be higher due to significant interior improvements over the past 5 years.
Given that our property taxes won't really change - due to school levies, etc. - and given that we plan on staying in this house 10+ more years, should I bother disputing this?
If we don't plan to move, how does the property value really affect me?