Does This Make Sense?

Caldwell County Commissioners agreed last night to put off a scheduled revaluation of property values in 2009 until 2011, giving as their rationale their fear that the re-val would put a greater burden on the taxpayers.

Haven't we just been witnessing a massive de-valuation of real property, as the real estate bubble of the 1990s went KER-PLOOEY?

Putting off a tax-revaluation right now would more logically arise because the commissioners fear they'll have LESS tax money, not more.

Smoke and mirrors, this.