Tax assessment rates drop along with the market.

I knew it would happen. I recently received my new 2009 tax assessment for my home and it's down 12.2% from 2 years ago. I knew it would be down, just not sure by how much. I had dinner with some friends last night and they saw drops between 15-20% so I should consider my lucky. (?) Thought my taxes should go down I've ready that levies are going up so I don't know if I will be paying less after all. On the bright side, at least the tax assessed value didn't drop as much as my retirement account (@38%). Click here to see an article concerning tax assessments.