Notice of Valuation

Received our property tax statement for this year and the estimated valuation for next year...
The value of our house:

2011 - 390k
2012 - 380k
2013 - 330k (est.)

Our taxes went up a bit in 2012, even though the value when down a bit.  I am sure hoping that we see a big reduction in 2013 though.  Pretty insane what the value of our home has done.  When it was appraised for the initial loan it was worth 540k (the appraisal).  When we refinanced in October it appraised for 430k; that hurt because we had to pay 60k to stay under 80%.

Oh well, it is in our best interest for the value to go down, because we have no plans to sell it for many, many years and our taxes should go down with the value.  Only negative is that we would like to get a HELOC so that we can do some improvements.

Clearing the land

Grandma and Grandpa came over and brought Grandpa his new toy :)
We spend the day clearing and working on cleaning up the area where we are going to be erecting a play set for the kiddo's!