And should you appeal when you get a notice that your valuation has gone way down, reflecting reality?
Ken, yes, appeal - here is why. By State law, your values have not been allowed to be higher than your 2008 value. The moratorium expires this year. So in 2012, look for them to start jacking up the values again. BUT, if you appeal, whatever the value is determined to be, then you get a three year "freeze", thus extending the moratorium until 2014. And that is the reason to appeal even if your value is low.