and thats what the valuation is based on.

Thats actually the current year tax basis for the homes I'm looking at down here...they are under 1 yr old...so the tax valuation on file is the cost of the land only...and thats what the builders pay taxes on...and they get no break for ownership (resident owners have a tax ceiling).

Since we're going to year end...this tax bill is actually going to help me get a really good deal :-) (hopefully enough to offset the really bad one I'm likely to get when the house up there sells:-(