Will our rates drop in line with the slump in the housing market ?? Could be an interesting situation. I wonder who would deteremine the rate of decrease ? I'm sure the municipalities are all expecting more rates next year nor less ?
Rates
Will our rates drop in line with the slump in the housing market ?? Could be an interesting situation. I wonder who would deteremine the rate of decrease ? I'm sure the municipalities are all expecting more rates next year nor less ?
Even if they did bring the valuations down, they would just up the % rate.
I think they only revalue every 5 years or so.
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