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Property taxes don't reflect market

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At what point will property taxes reflect the slumping real estate market, depressed real estate values and the overall tanking economy?

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That was the question taxpayers repeatedly asked the Hubbard County Board of Appeal & Equalization Monday.

The answer was: Don't hold your breath. It could take a few years.

The flip side of the coin was how do assessors value property when there are few or no comparable sales by which to measure declining property values?

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