Romneys, Caught In Housing Bust, Got Tax Cut In La Jolla

Reassessment of their $12-million home, one of many reductions in San Diego County, has saved $109,000 over four years.Mitt and Ann Romney were easily able to afford a $12-million La Jolla home.

Senh: I don't see anything wrong with this. Everyone's house value went down. They have the right to contest the county's assessment of their home value and pay the appropriate amount of property tax.

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