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News Story
Updated: 07/19/2012 08:00:37AM

Faux: Half of Polk mortgages ‘under water’

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PHOTO BY PEGGY KEHOE

Property Appraiser Marsha Faux spoke to the Bartow Kiwanis Club Friday.

By PEGGY KEHOE

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While “we’re kind of headed in the right direction,” next year will probably still be negative for Polk County, Property Appraiser Marsha Faux told Bartow Kiwanis Club members Friday.

As of July 1, the tax roll is down 4.79 percent from last year, Faux reported, but something positive in that is that there was an 11 percent drop in 2009, then 14 percent the next year, and now 4 percent, “so we’re kind of headed in right direction.”

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