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Because property values are so low, it is a good time to re-value your home through the local Assessors then the state Tax Tribunal to reflect the true market value(comps). Examples of these can be found on websites or through RE agents.
Many states have limits on future changes.
If the difference is extreme enough, it may be worth hiring an attorney.
Worth re-mentioning that when federal dollars dry up the states will become "creative".
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