Foreclosures; the beginning of shrinking property tax rolls

	Year to Date 2007		Year to Date 2008	% Change	% of Total Commercial Postings

Apartment Communities		222	321	45%	18%
Office Buildings		88	108	23%	6%
Retail Centers/Buildings		99	121	22%	7%
Industrial Buildings		103	139	35%	8%
Land		179	281	57%	16%
Miscellaneous Buildings		602	805	34%	45%
Total Commercial Postings		1,293	1,775	37%	100%

The figures noted above are a good example of the declining values of commercial properties between 2007 and 2008. Declining values will translate into shrinking property tax rolls. Shrinking tax rolls will create pressures on local tax collecting jurisdictions to raise tax rates. People will complain about the increased tax rates however goods and services administered by local political subdivisions require revenues from property taxes. Source: Dallas Business journal and Foreclosure Listing Service Inc.