Property value goes down, property tax goes up. That, my friends, makes no sense; but that's exactly what's happening (read more here).
Los Angeles Times announced that L.A. homeowners would get tax relief this year due to decrease in property value (read more here); alas, I am not one of the 128,000 homeowners.
Like all my neighbors, the value of my home been going steadily in the downward direction but my property tax bill for 2008 is 6.7% higher than that of 2007, WTF!!!
And of course, they have to make the appealing process more gruesome than it needs to be.
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