Tuesday, March 17, 2009

Summit County Property Taxes to go up not down in 2009



Summit County Assessors office is predicting that single family home taxes will go up this spring not down. The formula for calculating such based on real-estate sales between Jan. 1, 2007 and June 30, 2008.

Since the cut-off date last summer, the volume of sales in the local area have plummeted, but prices have not. This defies most markets in the US.

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