Thousands get a tax break on property in Merced

Thousands get a tax break on property:

Ok, so the Merced housing market has been spiraling downward, seemingly since my lovely wife and I bought a house in April 2005. But, now people are seemingly happy that some of us have received a letter in the mail from the County Assessors office, telling us that the valuation of our house has gone down and so we get a discount on our next tax bill.

Personally, I would prefer the house to be valued the same as I purchased it for (50k more), rather than saving 500 dollars on my taxes.

Oh well, life goes on…

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