3 comments

1. Comment by Steve Berg on February 20, 2013 at 12:03 pm

   Too bad that our property taxes won’t ever track with this graph, though they certainly should.

2. Comment by Mac McIntyre on February 21, 2013 at 3:43 am

   Steve, that would require organization of the taxpayers to mount the legal challenge defining the value of property. It’s a fight to the Supreme Court and therefore too expensive and exhaustive for a taxpayer or two to bear. But I do believe the legal definition is still the price agreed to by a willing buyer and a willing seller.

3. Comment by yinn on February 22, 2013 at 9:49 am

   No, they won’t track together. Local governments have too many building plans.

   I took a few minutes to check a bunch of communities. Some counties east of here, including Kane, are now showing real recovery.

   Speaking of east, I drove around two small towns in northern Indiana last weekend, Knox and Plymouth. Both are county seats. Knox has an OK downtown where the the government buildings are the beautiful standouts, but most of the in-town residential areas look run down (and in a shocking number of cases seriously tarp-on-the-leaking-roofs run down). Meanwhile, Plymouth’s downtown and residential areas are both attractive. You can imagine what their respective home value graphs look like today!

   Because I happen to be doing research in that area of the state, I hope also to spend some time figuring out the factors most responsible for Plymouth’s success in this economy.

   If Plymouth rings a bell for you, Mac, it’s probably because near there was the start of the Potawatomi Trail of Death.

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