Ready for the Property Tax Revolt?

Property Tax Revolt. More homewners are appealing their property tax.
Property Tax Revolt. More homewners are appealing their property tax.

Here's a paradox: Why have property taxes generally risen over the past couple years, even as real estate values have plummeted?

The long answer is complicated, but the short one is simple: Property owners have not systematically appealed their tax bills. Indeed, few are aware that an appeal is even an option.

Until now, that is. The trend is finally shifting, The Wall Street Journalreported last week, as homeowners across the nation mobilize to protest tax bills they believe do not reflect the current value of their homes.