House value goes down, property taxes stay the same

[sommap]

Is anybody else experiencing this?  If the value of your house goes down $100,000, shouldn't your taxes also go down?  This is a rip-off!!!  The value of my house has stayed about the same until this year and then it had a big drop. 

I have heard of some people who are just walking away from their homes.  Their mortgages are almost twice what their houses are worth.  They don't go through foreclosure.  They just call their lender and say they are walking away from the house.  I guess the lenders are pretty good about it - saves them from going through foreclosure. 

[elysee24]

Well, we are looking to get a house, but seems like no matter the prices or taxes are all continue going up!! which makes it hard to own a home!!