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Among them: What happens toproperty taxeswhen a home is damaged or destroyed?
For many homeowners, this is a situation theyve never faced before.
Property taxes are based on the assessed value of a home, butwhat happens if that home is gone?
This reassessment may lower the propertys value, which leads to alower tax bill.
Its a short-term relief measure, though.
Affected residents and businesses now have until Oct. 15.
What About Mortgage Payments?
Some lenders might offer forbearance programs, but this varies by company, said Hawkins.
Its critical to call the contact number on thelatest mortgage statementto ask if relief options are available.
The road to recovery will take time, but resources are available to help lighten the load.
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