Submitted by Michael Dennis (not verified) on Sat, 01/10/2009 - 9:46am.
As of 1/10/2009 you can not hardly sell a parcel of land or house at Carolina Beach due to the economic downturn. Yet our homes are taxed at inflated values from the last county tax evaluation. I dare say you could sell any house now for the tax value,yet we are facing a 30% insurance increase on a piece of real estate that you can not sell.
The next several months forclosure rates are going to increase,thus dropping value for homes that you could not sell.Wake up elected officials you are putting more burdens on the average citizens than he can bare,raising insurance rates for coastal communities is not the answer to help the economy !
Insurance Increases on Inflated County Property Values