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$800 to $25,000 jump. Cash buyers only need apply. Terrible blow for the city and all its taxpayers. The lost revenue from lower valuations on homes in flood zones is going to have to be made up somewhere. Because the mayor and city council don't know how to cut spending. I wouldn't be surprised to see the city ask the general assembly for a waiver to raise the rates more than 4.25%. We are so screwed.

From: Costly flood insurance expected to devalue many city properties

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