Every homeowner in Clark County should have received their new tax assessment value on their home by now. Many people are in a panic about how much their houses have dropped in assessed value, but this is actually a very good thing. Your home’s taxable assessed value should always be about 5-7% below its true market¬†value. For the first time in three years,¬†assessed values are actually in line with market values. Over the next few months, your taxes will be dropping to support that value, which means a savings for all of us in our monthly housing expenditures.

Kerry N. Greenwald, Sr. VA Loan Specialist