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Disappearing lakefront properties still paying lakefront taxes

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Updated: 5/24/2013 12:13 am

KEYSTONE HEIGHTS, Fla.-- After decades of draining water, Marylou Hildreth's lake house off Lake Geneva is becoming more of a dry dock.

"This is waterfront property and the water's going down," she said.

Her property value is going down with the water, about $85,000. But her Lakefront Elevated taxes haven't budged an inch.

"I'm still paying taxes for the purchased price I bought it," she said.

It's a dilemma for Hildreth who is also Keystone Height's mayor. She says the drying lakes are draining her city's economy.

"This is a lake region. That's why people came here from Jacksonville, from Gainesville," she said.

She says recent rains have helped but still, it's not enough to fill the lakes back up.

Hildreth says she attends regular meetings to try and come up with other solutions to the problem but she tells me, bottom line, it's mostly up to Mother Nature and how much rain she intends to bring to the area.

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