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?
Jim Duncan has been helping buyers and sellers in Charlottesville’s neighborhoods for 25 years. Get local insight born of experience.
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