Falling assessed values

Housing values across the Town of Plattsburgh have been decreasing. As a matter of fact, according to the Multiple Listing Service (MLS), most properties sold since 1/1/12 have sold below their assessed values. Long Island is experiencing the same phenomenon though they are further along. Check out the initial hardship for those whose assessed values have NOT dropped and read the entire story here. http://www.newsday.com/long-island/nassau/school-tax-rates-skyrocket-in-nassau-1.4080765