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Detailed text transcripts for TV channel - CNN - 20100409:17:26:00

Taxes based on a higher valuation. christine romans joins me now. she s my cohost on your $$$$$. there she is in new york. what do you do if your find yourself in your this position? look, a really irritates people, been in the same house for 10 or 15 years and seen their taxes double and trip. now taxed on 2005, 2006, 2007 valuations of their home and they didn t think it was worth that much at the peak. so you look around the country, ali. home prices are down 30%. some parts of the country they re down by half, for example, phoenix down very sharply, down 40% in miami, and so depending on where you are,if you are assessed near the bubble you re paying a heck of a lot more right now than you were than you think that you should be. and a lot of people are walking into their county assessors saying how is it how can i how can i pay taxes that are more reflective of what you re seeing on that screen there? 60% of properties in this country, ali, might very well be over-assesse ....

Christine Romans , New York , Ali Velshi , Home Prices , National Taxpayers Union , County Assessors , Over Assessed ,