I am having a problem where i will add a tag to a game and it takes a long time(well over a minute) to update to actualy have the tag and the wait seems to be getting longer

How are you adding the tags? I right-click a game in the Owned or Installed category and choose the tag directly from the Assign Tags menu. It takes a moment or two until it's applied. I found the tags box in the Edit window too cumbersome.