NCO Calls for Lower Property Taxes

With the housing boom over the last 5-6 years, property taxes in local governments also rose. As housing values rose, so did association fees and local property taxes. The problem with this country is that governments take too long to fix things. As the market has cooled off quickly it could be several years before property taxes anre adjusted accordingly. In some local governments, property taxes doubled in the last 5 years and this is really putting the strain on some home owners. Especially in condos, where the homeowener do not own much land, the taxes need to be adjusted downward quickly.

"I either have to not pay my taxes or not pay my mortgage or stop eating and turn off all the utilities in order to make it, and that would be true even if I were still working, or darn close to being true," Gunyon said. "And I'm not the only person in this situation." source: http://biz.yahoo.com/ap/071223/taxed_out.html?.v=3&.pf=taxes 

All of us at NCO are calling for the goverment in all localities to look at this situation in a serious manner.