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