Tuesday, September 13, 2011

Group: 363 Lake Worth homeowners pay no property taxes

Click title for link to article. The study may be available soon as it will be discussed at the upcoming City Commission meeting on 9/22. This from the article:

Mayor Rachel Waterman said she does not expect Lake Worth's property values to slide further.

"The people in real estate I talk to tell me they're already seeing positive signs," she said. "No one thinks property values will continue to sink."

Note to the Mayor, a friend told me about someone who just bought a 3 bedroom, 2 bath house on North K Street - just north of the elementary school. This property happens to have a pool. It was bought from the bank for $38,000. Its 2010 tax assessed value is $108,000. It does not seem that we have reached the bottom point yet...