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Cook County has had a 7% annual cap on assessed value increases since 2002. Property tax bills will rise this year, despite falling property values; this graph explains why property taxes will in fact take a while to catch up with market values.
'A cap, which gives homeowners comfort in a rising market, can, however, create the opposite effect in a down market. In Texas, which sets a 10 percent limit, property values rose by as much as 18 percent per year during the past decade, but assessed valuation could go up by only 10 percent per year. As a consequence, a large gap exists between real market value and taxable value. Because of that gap, assessed value may go up this year even though market value is coming down. Until the two come together — the market value falls to the level of the taxable value — 5 to 10 percent increases in assessments are a real possibility. "That's going to be another contributory factor in taxpayer frustration," says [Guy] Griscom, who is the assistant chief appraiser for Harris County. "Legislatures didn't look at that side of it when they gave property owners the benefit of these caps. Ultimately you have to pay it back. This is not what people want to hear." ' - Penelope Lemov, Governing magazine
(Assumed $100K property in year 2002 [and that assessed value equaled market value, which is probably not the case in Cook County], using 2002-2009 price appreciation trendline reported for zip code 60647 at Zillow.com, then assuming a 30% drop from 2008 peak by 2010.)
Love my new socks you knit for me! And the Eucalan- a girl can't ever have
to much wool wash on hand for beautiful hand knit goodies!
Photo by: Mardy Suong Photography
#Sony ILCE-7RM2, 16-35mm F2.8 ZA SSM II+Adapter LEA3
SP:1/1000s, ISO: 320, F/6.3
Gallery: Street
A Blogging Area !
(ខេត្តកំពត)
On Sea Festival 2015 at Kampot province they do not allow the people walk accross the old bridge. December 12th, 2015.
Facebook: www.facebook.com/MardySuongPhotography
Blog: mardysuongphotography.blogspot.com/
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Website: www.500px.com/MardySuongPhotography
Flickr: www.flickr.com/photos/mardysuongphotography
As I am a Sony Alpha user, I would like to express my feeling for A7 Series camera that I like:
- Size and weight very light and easier to grab for my hand and more handy
- Silent shutter, BSI sensor 5 axis in-body stabilization and the possibility to use also with E-mount, A-mount and all brands.
- Visualize directly in viewfinder how the image will end up. I don’t have to verify it all the time, I am more confident in your settings, I save a lot of time, As I can see what your picture will exactly.
- Focus Peaking highlights the edges of the subject which is in focus, it's really useful for me.
- Whether I shoot macro, wildlife, concerts or whatever, it’s a very convenient means to get original angles and more creative pictures on the ground or above a crowd.
- Image Quality and Sensor Performances.
- The NFC and WiFi feature is to be able to use one’s smartphone as a smart remote and copy image. In fact, I don’t have to stand behind my camera to take the picture.
- The short distance between the sensor and the lens is one of mirrorless’ best advantages. It allows the use of whichever lens I want via an adapter. There are adapters for all existing brands.
#mardysuong #khmer #cambodia #bridge #street #seafestival #2015 #sony #a7Rii #zeiss #landscape #Kampot #A7RM2 #rainbowbridge
Blogged: bearydocardsinc.blogspot.com/2011/12/seasons-greetings.html
Using that irresistible 'Merriest Christmas Wishes' (I kinda like this stamp if you didn't know ;)), Envelope Liner and a fun My Happy woodgrain image (you'll be seeing this a lot in the future!).
TFL!
1. half moon street - piet hein eek, 2. piet hein eek factory, 3. H, 4. phe, 5. blue dresser, 6. piet hein eek restaurant, 7. sweets, 8. neon, 9. locker & bar, 10. phe plants, 11. mealtime @ phe, 12. neon phe, 13. coffee & raspberry cake, 14. woolen blankets, 15. phe(w), 16. piet hein eek table lamps
Blogged here: twomoreseconds.blogspot.com/2008/06/my-favorite-monday.html
1. green sea of chairs, 2. green shoes, 3. green up, 4. Green, Green, Green..., 5. Green on Green, 6. Green Tree Fae Scotland, 7. green coffee for a happy Sunday ;), 8. Green door, what's that secret you're keepin' ?, 9. Green, 10. Walkin' in the green, 11. my green illuminated way home, 12. design is green, 13. green tea, lavender, and honey cupcake bombe, 14. shades of green, 15. green bean, 16. Chilled Watercress Soup with Green Onion Creme Fraiche, 17. Green Split Screen, 18. Green Embroidery Closeup, 19. Green stuff, 20. Green, 21. Green onions..., 22. Maggie's green eye, 23. Green door, 24. lovely., 25. 4/52 Green
Created with fd's Flickr Toys.