Every where I look I see that property values have gone down substantially. I even had my home equity line of credit frozen due to supposedly declining property values.
Why is that the house I built in 2006 is now supposedly rising in value while everything else is sinking. No changes in the house since I completed it.
My November 2007 valuation was $20k less than the June 2007. My June 2008valuation remained the same but jumped up 30k in November of 2008. I got my tax bill and both the tax rate jumped and my valuation went up by another 50K. I would be happy if I actually had a chance to sell it for what they say it is worth and for what I have into it. I know of no other properties in the area that would have sold in the past year to make the value jump.
I live on a dirt road, do not have trash pickup, and have no one in the school system.
