Interesting links this morning from
washingtonpost.com.
Registration may be
necessary; try this
site instead.
Assessments through the roof in Northern
Virginia
Rising price of the American Dream
Good question and response at the live discussion (archived: 2007)going on right now –
Q: Is there any statutory limit in
Virginia on how much a tax appraisal can rise per year? Here in Texas the limit
is 10 percent, and there is a popular movement growing to lower that to 3-5
percent. But the cities and counties that rely on property taxes have a hard
time giving up their automatic annual revenue
increases.
washingtonpost.com.
Registration may be
necessary; try this
site instead.
Assessments through the roof in Northern
Virginia
Rising price of the American Dream
Good question and response at the live discussion (archived: 2007)going on right now –
Q: Is there any statutory limit in
Virginia on how much a tax appraisal can rise per year? Here in Texas the limit
is 10 percent, and there is a popular movement growing to lower that to 3-5
percent. But the cities and counties that rely on property taxes have a hard
time giving up their automatic annual revenue
increases.
Answer: Virginia
has no restrictions, although some state candidates proposed such a limit in the
last round of elections.
Ah, a
limitation on property tax increases … what will they think of next?
Assessments are up everywhere!
Interested in Learning More?
I have been been representing buyers and sellers in Charlottesville, Albemarle, and Central Virginia since 2001. Get local insight born of experience.
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