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The good news for property owners is that their property is worth more. The bad news in many states is higher property taxes.

Both candidates for Virginia Governor this year, Lt. Gov Tim Kaine (D), and former Attorney General Jerry Kilgore (R) have competing plans to deal with problem of the skyrocketing property taxes that voters are paying on their homes. What are the plans?

Click through for an explanation of the two candidates' positions.

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Read more from this blogger: Raising Kaine � Dueling Tax Plans