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By News Anchor & Reporter Alex Coleman
3:41 PM CST, March 3, 2009
Memphis, TN., It's almost a rite of passage for thousands of Shelby County homeowners like Larry Finney. It's a time when they begin checking their mailboxes for property reappraisal notices.
"Anytime you invest money into something you'd like to see it appreciate. That hasn't been the case for the property around here," Finney said.
Anyone wondering how much their home values have gone up or gone down will have those questions answered when 2009 Reappraisal Notices are mailed out. Cheyenne Johnson is the Shelby County Property Assessor.
"They could possibly be considered a shock, but I think it's a realization of what occurred over the last four years," Johnson said.
Johnson says a slow housing market and a record number of homes in foreclosure will...
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