Future Property Taxes

[James H.]

For the last few years, most property value assesments in my area have gone down quite a bit (around 15 to 20 percent it appears in general).

For those of you who are buying now while prices are low and expecting property value increases and rent increases as the market moves off the bottom, do you consider how quickly increasing tax appraisals (quicker than might be expected on average) will affect you investment?