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Hooker Twp,Ne | A value is placed on real estate property. Then a tax levi is placed against that value. Now we have school districts, school bonds for building, county, townships, NRD’s,community college, etc.etc. Now there is a limit to a certain degree on the levi rates. So if valuations of homes,farmland would sink those levi rates may hit their upward limit and thus funds be short. Now it would take a traumatic drop in valuation but never say never. Also there would be a timeframe in there where some people are just holding on by there fingers nails and then balloon burst. As long as feds continue feeding the system it won’t happen but shut the faucet off and in about 3 years things hit the fan | |
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Are you worth more than the government has given?
