Home values have decreaseded all across the US. Yet our property taxes have stayed the same in many areas. You can dispute your home's assessment with the county.
Call the county or visit their website and see if they have a form you can fill out.
Check to see what your home is assessed for. If it is higher than fair market value you should try and see if you can get the taxes lowered.
Make sure all the information is correct. For example, if it says you have a 4 bedroom and you have a 3 bedroom home, that can lower your taxes.
In Summit County, Ohio there is a form you can fill out to dispute your taxes.
Talk to your local real estate agent to see what homes have sold for in the last year in your neighborhood. You can use these comparables to send into the county assessor's office with your form.
Reducing your taxes is especially helpful if you are planning to sell your home as part of qualifying for a mortage is the purchase price plus the real estate taxes.