Property values take a beating at Beaches
After years of rising property values that made land at the Beaches some of the most valuable in the county, 2008 tax estimates show taxable land values declining or barely breaking even.
Join the discussion below, or Read more at Florida Times-Union.
#1 Jul 12, 2008
I live in Atlantic Beach & had my home appraised in December of 2007 at $180,000. When looking to refinance, just 5 months later, the value is now $140,000.
#2 Jul 12, 2008
I have no idea why the appraisal value went down but does it have anything to do with the risk insurance companies take by covering a home in a location close to a huge body of water?
#3 Sep 17, 2008
Maybe it has something to do with the Section 8 Villas and the garbage associated with those kinds of places, littering up the city.
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