How Do Natural Disasters Affect Property Taxes?
There are certain parts of the world where natural disasters occur more often than others. The U.S. definitely has its fair share of earthquakes, hurricanes, and tornadoes etc. Owning real estate during these times can be devastating for certain property owners. Real estate of all types can be decimated by the devastation of catastrophic events, which can dramatically affect the communities in which they reside, since it can take years to recover from this type of destruction